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Top three insurers reaped $7.3 billion through their drug middlemen's markups, FTC says
Regulators published their most detailed findings yet on how some of the nation’s largest companies profited from "excess" prescription price hikes of 1,000% or more.
FTC finds middlemen inflate specialty generic drug prices by billions of dollars
Pharmacy benefit managers, which serve as the middlemen between drug makers, insurers and pharmacies, reaped $7.3 billion in revenue from marking up the prices of dozens of specialty generic drugs between 2017 and 2022,
FTC report shows $7.3 billion in drug price inflation by leading pharmacy benefit managers
From 2017 to 2022, the companies marked up prices at their pharmacies by hundreds or thousands of percent, netting them $7.3 billion in revenue.
FTC releases new findings in drug price inflation investigation
A new report from the Federal Trade Commission is uncovering what appears to be a major driver of the high cost of prescription drugs.
Report Reveals Billions Made from Generic Drug Price Hikes
A recent Federal Trade Commission report highlights a concerning trend in the pharmaceutical industry, where pharmacy benefit managers (PBMs) are accused of significantly inflating the cost of prescription drugs.
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5h
Brian Thompson's boss: Pharma companies are "really responsible" for drug prices
The CEO of the company whose insurance leader was killed in New York pledged to help fix the health care industry while also ...
5h
on MSN
Columbus joins national fight accusing drug manufacturers of inflating insulin prices
According to the American Diabetes Association, approximately 8.4 million people in the United States need insulin to survive ...
4h
on MSN
Drug price lawsuit: Indiana attorney general alleges drug companies illegally hiked the price of EpiPens
EpiPens are a life-saving treatment for severe allergic reactions. Indiana's AG says Pfizer and Mylan have broken the law to ...
2d
Drugmakers hiked prices for hundreds of drugs in early January
January is a big time for drugmakers to hike prices. This year saw higher prices for 575 medications so far, including ...
WTHI-TV
7h
Pharmaceutical companies conspired to spike EpiPen prices by 600%: lawsuit from Indiana Attorney General alleges
Indiana Attorney General Todd Rokita is suing two pharmaceutical companies over alleged anticompetitive acts regarding a life ...
7d
Drug company job cuts surged last year, and this year is starting with more
The job cuts reflect the normal maturation of companies such as Alameda-based Scribe, which is moving from a preclinical to ...
1d
How a Company Makes Millions Off a Hospital Program Meant to Help the Poor
A private business has helped supercharge a controversial federal drug program. Patients and insurers have been left with big ...
El País in English
6h
AI creates for the first time an experimental treatment for a disease forgotten by pharmaceutical companies
The laboratory of the latest Nobel Prize winner in Chemistry David Baker, headed by researcher Susana Vázquez, talks about ...
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