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.