US FDA Takes Action Against Pharmacy Benefit Managers for High Insulin Costs
US FTC Takes Legal Stand on Insulin Pricing
The U.S. Federal Trade Commission has initiated a lawsuit against the three largest pharmacy benefit managers in the country, alleging that these entities have been directing diabetic patients toward overpriced insulin options. This strategic maneuver is purportedly designed to maximize profits at the expense of patient well-being.
Why This Matters
The increasing cost of insulin has pushed many diabetic patients to the brink, impeding their access to necessary treatment. As the FTC aims to tackle this pressing issue, the lawsuit shines a spotlight on the practices of these pharmacy benefit managers, potentially paving the way for more affordable prices.
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