FTC Sues Big 3 Pharmacy Benefit Managers
The Federal Trade Commission filed a lawsuit against the largest PBMs, following its July report exposing the ‘opaque’ business practices...
Tag: PBMs
ERIC Urges Congress to Deem PBMs Fiduciaries Under ERISA
The ERISA Industry Committee argues that as fiduciaries, pharmacy benefit managers would be required to act participants’ best interest and...
Express Scripts Sues FTC for ‘Defamatory’ Report
The pharmacy benefit manager is accusing the Federal Trade Commission of illegally criticizing PBMs, which it holds responsible for inflating...
California Legislation to Regulate PBMs Puts Self-Insured Plans at Risk, ERIC Warns
A bill introduced by California state senators proposes increased regulation on pharmacy benefit managers, which have come under fire recently.
Wells Fargo Sued Over Mismanagement of Health Care Plan
Plaintiffs accuse the bank of requiring participants and beneficiaries to pay high costs for generic prescription drugs that are ‘widely...
What Increased Health Plan-Related Scrutiny Means for Plan Sponsors
Employers can limit their exposure with documented, prudent processes for selecting health plan providers and pharmacy benefit managers.
FTC Scrutinizes Pharmacy Managers for Opaque Practices, Inflating Drug Costs
An interim report alleges subsidiaries of conglomerates like Cigna, CVS and UnitedHealth pushed customers to more expensive medicine.