Drug middlemen illegally drive up the cost of insulin, FTC says
CBSN
Federal regulators are accusing the country's three largest pharmacy benefit managers of illegally driving up the cost of insulin in the U.S., while making it harder for patients to obtain cheaper versions of the life-saving drug.
The companies — CVS-owned Caremark Rx, Cigna Group's Express Scripts and UnitedHealth Group's Optum Rx — acted in ways that stifled industry competition for insulin drugs, including by using unfair rebating practices, the Federal Trade Commission said Friday.
That artificially raised the list price of insulin, creating what the agency characterized as a "drug rebate system that prioritizes high rebates" from drugmakers, the FTC alleged in announcing lawsuits against the three businesses and their affiliates.
Washington — More than 50 former football players and coaches, including several Pro Football Hall of Famers and Super Bowl MVP's, announced their endorsement Friday of Vice President Kamala Harris and Governor Tim Walz in the 2024 U.S. presidential election. The group represents 25 historically Black colleges and universities (HBCU's) and consists of 10 Pro Football Hall of Fame inductees, two Super Bowl champions and MVPs, former No. 1 overall picks and some of the first Black athletes and coaches to break the color barrier.
Jan. 7, 1994, started out like any other typical winter morning for Rebecca "Becky" Savarese of Pittsfield, Massachusetts. There was snow on the ground, and it was bitterly cold as the 12-year-old walked to school. Then, at around 7:10 a.m., at one of the busiest intersections in town, a man came up beside her. "He had a mustache, but he didn't shave. He seemed like a nerd to me," said Savarese. The stranger quickly pulled out a gun and held it up against her.