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  • FTC sues prescription drug middlemen for allegedly artificially inflating insulin drug prices

    The Federal Trade Commission recently brought action against the three largest prescription drug benefit managers (PBMs) — Caremark Rx, Express Scripts (ESI) and OptumRx — and their affiliated group purchasing organizations (GPOs) for allegedly engaging in anticompetitive and unfair rebating practices that have artificially inflated the list price of insulin drugs, impaired patients’ access to lower list price products and shifted the cost of high insulin list prices to vulnerable patients.
  • Bipartisan Ohio House bill seeks to lower insulin costs
    A bipartisan bill filed last week by two Ohio House lawmakers would cap out-of-pocket costs for insulin and devices used in the treatment of diabetes. The move comes after the Biden administration in 2022 capped costs for Medicare patients, and after the big manufacturers themselves have begun taking steps to bring down prices.
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