Pharmacy benefit managers (PBMs), the subject of a new report published by the House Committee on Oversight and Accountability (Oversight Committee), found the entities behave anticompetitively in order to push drug costs up for patients. The report was released prior to a contentious committee hearing with the three largest PBMs.
The...National News
Pharmaceutical manufacturer Merck has filed a lawsuit against the federal government in an effort to stop Medicare drug price negotiations before they even begin.
The company filed its lawsuit on Tuesday in U.S. District Court in Washington D.C., and said that the drug price negotiation program would necessarily violate the company's...Arizona News
Healthcare stocks took quite the beating last week and continue to decline into the third week of April. Even insurance giant United Healthcare cannot escape the downturn as it stays on track for its worst month in a decade. Analysts are already pointing the finger at 'Medicare for All,' claiming the political pressure is not good for...Arizona News
Just this month a former head of sales for Phoenix-based Insys Therapeutics Alec Burlakoff, testified in a Boston federal court recounting directions he followed for years including: recruiting and bribing doctors to increase sales for Subsys. Burlakoff is the second to testify on the highly-addictive drug, following former CEO Michael...Arizona News
On Jan. 17, Pima County and the City of Tucson filed lawsuits in Pima County Superior Court for the drugmakers' role in the opioid crisis. The municipal and county duo are the latest to sue the firms, including the Arizona-based Insys Therapeutics; more than 1,500 local and state governments have filed complaints against drug...
Tucson Medical Center (TMC) on Aug. 22 filed a suit against 25 different drug manufacturers and six distributors, accusing them of negligently creating the opioid crisis that is "devastating communities" across the nation.
TMC is the first hospital in Arizona to file, but it is not the first to file a lawsuit. Cochise County filed...