News Briefs: Cleveland Sues PBMs Over Insulin Prices
-
Jul 27, 2023
The City of Cleveland on July 24 filed a lawsuit against PBMs and drug manufacturers, alleging they “orchestrated a pricing scheme that resulted in skyrocketing insulin prices and cost the city millions of dollars in prescription benefit payouts.” The companies named in the lawsuit include The Cigna Group’s Evernorth and its PBM/pharmacy subsidiaries Express Scripts, Medco Health Solutions and ESI Mail Pharmacy Services; CVS Health Corp. And its Caremark division; UnitedHealth Group and its Optum, Optum Rx and Optum Insight subsidiaries; as well as Eli Lilly & Co., Novo Nordisk Inc., and Sanofi-Aventis U.S. LLC. Cleveland is the first city to file such a suit; California filed a similar complaint in January, however, accusing largely the same companies of insulin price-fixing. Read more
© 2024 MMIT
The Latest
Meet Our Reporters
Meet Our Reporters
GAIN THERAPEUTIC AREA-SPECIFIC INTEL TO DRIVE ACCESS FOR YOUR BRAND
Sign up for publications to get unmatched business intelligence delivered to your inbox.