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The Federal Trade Commission Friday announced it was suing the country s three biggest pharmacy benefit managers, claiming unfair practices inflated the cost of insulin.Pharmacy benefit managers, or PBMs, negotiate rebates on drugs for insurance companies, unions and government agencies. Those rebates help lower copay costs for patients, but critics say they also force manufacturers to increase the list price of a drug, ultimately raising the price for patients at the counter.Optum Rx, owned by United Health Group; CVS Health s Caremark and Express Scripts, owned by Cigna, are all named in the suit.The FTC said the PBMs have abused their economic power b
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stanley drinking cup chain competition in their favor, forcing patients to pay more for life-saving medication. It cited the cost of Humalog, an Eli Lilly-made insulin, which rose 1,200% over 18 years. Eli Lilly announced last year it was reducing the cost of Humalog by 70%.RELATED STORY | Walgreens settles allegations it submitted false payment claims for prescriptionsScripps News reached out to the PBMs listed in the lawsuit for a response. All three suggested the FTCs complaint presented a flawed view of the drug pricing process, and placed blame for the high costs of insulin elsewhere.Optum Rx said For many years, Optum Rx has aggressively and successfully negotiated
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MIAMI GARDENS, Fla. AP 鈥?At age 44, Floyd Mayweather is returning to the ring for an exhibition fight. The boxing Hall of Famer will face Logan Paul in a pay-per-view event on June 6 at Hard Rock Stadiu
stanley cup m in Florida. Mayweather wound up in a brawl Thursday at the news conference announcing the card with Paul s brother, Jake, who took Mayweather s hat to prompt the scuffle. According to The Associated Press, Jake Paul confronted him after the former
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stanley cup r boxer lunged towards the younger Paul, The AP reported.Mayweather had a 50-0 record with 27 knockouts during a career in which he won world titles in five weight divisions over three decades.The YouTube star began boxing in 2019.Other fights on the undercard include heavyweights Jean Pascal who ll face Badou Jack and super welterweight Jarrett Hurd against Luis Arias.Former NFL wide receiver Chad Johnson is set to make his boxing debut on the pay-per-view telecast, shown on Showtime.
