Get the latest tech news
FTC to Sue Prescription Drug Middlemen Over High Prices: Reports | Just three pharmacy benefit managers, Express Scripts, Caremark, and OptumRx, handle 80% of prescriptions in the U.S.
Just three pharmacy benefit managers, Express Scripts, Caremark, and OptumRx, handle 80% of prescriptions in the U.S.
The Federal Trade Commission plans to sue the three largest pharmacy benefit managers in the country over practices that have kept drug prices artificially high, according to new reports from the Wall Street Journal and healthcare news outlet STAT. The three largest pharmacy benefit managers in the country, Express Scripts, Caremark, and OptumRx, control roughly 80% of the 6.6 billion prescriptions filled each year, according to STAT, which also notes the companies didn’t provide all of the information requested by the FTC for its report released Tuesday. “Our members on average pay less than $25, far below list prices and far below the Biden Administration’s $35 cap,” David Whitrap, Vice President of External Affairs at Caremark, told Gizmodo.
Or read this on r/technology
