High insulin prices spur a federal lawsuit against three pharmacy benefit managers [Yahoo! Finance Canada]
UnitedHealth Group Incorporated (DE) (UNH)
Last unitedhealth group incorporated (de) earnings: 4/15 05:55 am
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Source: Yahoo! Finance Canada
Three companies that process about 80% of prescriptions in the United States — Caremark, Express Scripts and OptumRx — have engaged in anticompetitive practices that spur price increases, the Federal Trade Commission alleged in a lawsuit filed Friday. Pharmacy benefit managers, or PBMs, run prescription drug coverage for insurers, large employers and other clients. They set up formularies, or lists of covered drugs, and negotiate rebates off the drug prices. The FTC said the rebating practices of the three companies have led to artificially inflated list prices for people. List prices are what a drugmaker initially sets for a product and what people who have no insurance or plans with high deductibles are sometimes stuck paying for prescriptions. The price of insulin has emerged as a big campaign topic during this year's presidential election. For years, pharmacy benefit managers have been the target of ire for politicians, patients and others. But PBMs have said they play an
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UNH
News
- 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
- UnitedHealth, Cigna, CVS PBMs targeted by FTC over inflated insulin prices [Seeking Alpha]Seeking Alpha
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