>>FTC Takes Legal Action Against Pharmacy Benefit Managers
(UNDATED) -- The Federal Trade Commision is taking on the 3 biggest Pharmacy Benefits Managers, and it could affect your healthcare coverage. Thomas Cage explains...Preview: WRAP SCRIPT:
Just 3 companies - CVS Health's Caremark, Cigna's Express Scripts and UnitedHealth's Optum RX control over 80% of all prescriptions in the US, and these Pharmacy Benefit Managers are being sued by the FTC. The nation’s leading expert on PBMs, Antonio Ciaccia...Preview: The three companies act as middlemen between drug manufacturers and patients’ health plans, negotiating prices you pay for life saving medicine.Preview: According to Ciaccia, the rising costs of insulin and other medicines is directly tied to the three companies manipulating the prices the end user pays, and that is the crux of the FTC's lawsuit.