DISSENSION IN THE UBC LAND OF OZ??
STAYED TUNED BOYS AND GIRLS!!!
HEY FRANKIE THE CHIMP SPENCER
I BET THESE LAWSUITS WERE NOT YOUR IDEA
I ALSO BET YOUR PANTIES ARE IN A BUNCH THIS MORNING
WE HAVE PREVIOUSLY ASKED:
HOW MUCH HAVE UBC MEMBERS BEEN RIPPED OFF FOR BY EXPRESS SCRIPTS
IF THE UBC CRIMINAL SYNDICATE REFUSES TO INVESTIGATE WHETHER EXPRESS SCRIPTS AND CIGNA HAS ALSO SCREWED UBC MEMBERS PERHAPS A LAWSUIT WILL ANSWER THOSE QUESTIONS
IT APPEARS NOW WE SHALL SEE
Staff’s latest report found that the ‘Big 3 PBMs’—Caremark Rx, LLC (CVS), Express Scripts, Inc. (ESI), and OptumRx, Inc. (OptumRx)—marked up numerous specialty generic drugs dispensed at their affiliated pharmacies by thousands of percent, and many others by hundreds of percent. Such significant markups allowed the Big 3 PBMs and their affiliated specialty pharmacies to generate more than $7.3 billion in revenue from dispensing drugs in excess of the drugs’ estimated acquisition costs from 2017-2022. The Big 3 PBMs netted such significant revenues all while patient, employer, and other health care plan sponsor payments for drugs steadily increased annually, according to the staff report.
21. The Manufacturers’ initial list prices for the at-issue drugs are not the result of free market competition for payors’ business. To the contrary, their list prices are so exorbitant in comparison to the net prices they ultimately realize that the Manufacturers know that their initial list prices constitute false prices.
28. As a payor for and purchaser of the at-issue drugs, Plaintiff has been overcharged millions of dollars during the relevant period as a direct result of the Insulin Pricing Scheme. Indeed, since 2011 alone, Plaintiff has spent millions of dollars on the at-issue diabetes medications.
29. A substantial portion of this amount is attributable to the artificially inflated prices of the at-issue drugs, which arose not from transparent or competitive market forces, but from undisclosed, opaque, and unlawful conduct on the part of the Manufacturer Defendants and the PBM Defendants.
10 comments:
Adam Kautzner | President of Express Scripts and Evernorth ...
The Cigna Group
https://www.thecignagroup.com › leadership-team › ad...
How much does the CEO of Express Scripts make?
Express Scripts Holding Co CEO Timothy Wentworth's Total Compensation For 2017 Was $15.9 Million Versus $14.5 Million In 2016 - SEC Filing | Reuters.Mar 29, 2024
What is the lawsuit against Express Scripts?
Today, the Federal Trade Commission brought action against the three largest prescription drug benefit managers (PBMs)—Caremark Rx, Express Scripts (ESI), and OptumRx—and their affiliated group purchasing organizations (GPOs) for engaging in anticompetitive and unfair rebating practices that have artificially inflated ...Sep 20, 2024
FTC Sues Prescription Drug Middlemen for Artificially Inflating ...
This should be intetesting
Please tell me that Spencer is going down.
Please tell me they take out ground works aka his god daughter
To much to steal a failed politician himself with grimy ties to many
Yup they are probably suing so they won't be named as codefendents Tom Flynn pushed the so called Trustees to go with these crooks
Tom Flynn has been maneuvering his way to be number one now if he could only defeat his arch enemy. The letter S sufferin suchotash.
Sounds like the trustees got some tough advice from the fund attorneys who told them if they don’t act on behalf of the members they could have the Feds and the members coming for them.
Flynn is a wannabe Irish gangster who is actually just a regular street turd.
These guys think they are untouchable and members think they don’t have a say, members have more say as there are more members than Trustees. Read the UBC Constitution and use it against them.
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