UnitedHealth, Cigna, CVS PBMs targeted by FTC over inflated insulin prices [Seeking Alpha]
UnitedHealth Group Incorporated (DE) (UNH)
Last unitedhealth group incorporated (de) earnings: 4/15 05:55 am
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Source: Seeking Alpha
them of engaging in practices that artificially inflated the list price of insulin drugs. OptumRx. Express Scripts, and Caremark Rx are the trio named in the lawsuit. They are owned by, respectively, UnitedHealth Group ( NYSE: UNH ), Cigna Group ( NYSE: CI ), and CVS Health ( NYSE: CVS ), which health insurer Aetna is a part of. The complaint "alleges that CVS Health's Caremark, Cigna's ESI, and United Health Group's Optum, and their respective GPOs—Zinc Health Services, Ascent Health Services, and Emisar Pharma Services—have abused their economic power by rigging pharmaceutical supply chain competition in their favor, forcing patients to pay more for life-saving medication," according to an FTC news release The FTC states that the three PBMs administer about 80% of all prescriptions in the U.S. The agency alleges that OptumRx, Express Scripts, and Caremark Rx created a "perverse drug rebate system" where high rebates from drugmakers were sought after, and that this led to art
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UNH
News
- High insulin prices spur a federal lawsuit against three pharmacy benefit managers [Yahoo! Finance Canada]Yahoo! Finance Canada
- High insulin prices spur a federal lawsuit against three pharmacy benefit managers [Financial Post (Toronto, Ontario, Canada)]Financial Post
- High insulin prices spur a federal lawsuit against three pharmacy benefit managers [Yahoo! Finance Canada]Yahoo! Finance Canada
- High insulin prices spur a federal lawsuit against three pharmacy benefit managers [Yahoo! Finance]Yahoo! Finance
- US drug ‘gatekeepers’ face FTC antitrust lawsuit over insulin prices [Financial Times (FT.com) (UK)]Financial Times
UNH
Earnings
- 7/16/24 - Beat
UNH
Sec Filings
- 9/18/24 - Form 4
- 9/10/24 - Form 4
- 8/9/24 - Form 10-Q
- UNH's page on the SEC website