Becker's Healthcare August 7, 2024
Payers are preparing an aggressive defense of their pharmaceutical benefit managers from scrutiny on Capitol Hill.
The Federal Trade Commission is preparing lawsuits against UnitedHealth Group, Cigna and CVS Health over their PBM business practices, according to reporting from The Wall Street Journal. The three companies operate the largest PBMs in the U.S., OptumRx, Express Scripts and CVS Caremark, respectively.
In calls with investors, the CEOs of CVS Health and Cigna said their PBMs save customers money, and promised to defend their businesses in Washington.
Karen Lynch, CEO of CVS, told investors on an Aug. 7 call the company has “taken a very aggressive approach to educating Congress on the role of the PBM.”
While lawmakers on...
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