Loading...
Loading...
Browse all stories on DeepNewz
VisitWhich PBM will face the highest financial penalty if found guilty by the FTC in 2025?
CVS Health's Caremark • 25%
UnitedHealth Group's OptumRx • 25%
Cigna's Express Scripts • 25%
No penalties by end of 2025 • 25%
FTC official penalty announcements
FTC Accuses CVS, UnitedHealth, Cigna of Marking Up Specialty Drug Prices for Cancer, HIV, Heart Disease, Generating $7.3 Billion
Jan 14, 2025, 05:21 PM
The Federal Trade Commission (FTC) has released a report accusing the three largest pharmacy benefit managers (PBMs) in the U.S.—CVS Health's Caremark, UnitedHealth Group's OptumRx, and Cigna's Express Scripts—of marking up the prices of specialty generic drugs, generating an estimated $7.3 billion in revenue from 2017 to 2022. The report highlights that these PBMs marked up the prices of drugs used to treat serious conditions such as cancer, HIV, and heart disease by hundreds or thousands of percent at their affiliated pharmacies. FTC Chair Lina Khan stated that the agency should continue to investigate practices that may inflate drug costs and act swiftly to stop any illegal conduct. The findings suggest that these markups have contributed to higher overall healthcare costs and have impacted independent pharmacies negatively.
View original story
None • 1%
UnitedHealth’s OptumRx • 33%
Cigna’s Express Scripts • 33%
CVS Health’s Caremark • 33%
Cigna’s Express Scripts • 33%
UnitedHealth’s OptumRx • 33%
None • 1%
CVS Health’s Caremark • 33%
UnitedHealth • 25%
Cigna • 25%
CVS Health • 25%
No settlement • 25%
Over $1 billion • 25%
$500 million to $1 billion • 25%
Less than $500 million • 25%
No penalty • 25%
$1 billion to $5 billion • 25%
Over $5 billion • 25%
Under $1 billion • 25%
No penalty • 25%
$500 million to $1 billion • 25%
Less than $500 million • 25%
More than $2 billion • 25%
$1 billion to $2 billion • 25%
No lawsuits filed • 1%
CVS • 33%
Cigna • 33%
UnitedHealth • 33%
No action taken • 25%
Fines imposed • 25%
Policy changes mandated • 25%
Other outcomes • 25%
No • 50%
Yes • 50%
Yes • 50%
No • 50%
No • 50%
Yes • 50%
CVS Health's Caremark • 25%
None by end of 2025 • 25%
Cigna's Express Scripts • 25%
UnitedHealth Group's OptumRx • 25%