FTC Takes Action Against Pharmacy Middlemen for Inflating Insulin Costs
FTC's Allegations Against Pharmacy Middlemen
The FTC (Federal Trade Commission) has filed a lawsuit targeting pharmacy middlemen, including CVS, Cigna, UnitedHealth, Optum, Caremark, and Express Scripts. The agency claims these companies have been significantly contributing to the high prices of insulin.
Background on Medication Costs
Months before this lawsuit, the FTC released a detailed report highlighting how these middlemen allegedly drove up the costs of various medications, particularly insulin. Patients have faced challenges in affording their essential medications due to these price increases.
Goals of the FTC's Lawsuit
- Promote transparency in drug pricing.
- Ensure accessibility of medications for patients.
- Hold companies accountable for their pricing strategies.
By taking this legal action, the FTC strives to protect consumers and push for reforms that would benefit those reliant on insulin and other vital medications.
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