The Prescription Access Litigation project and the American Federation of State County and Municipal Employees, AFL-CIO are suing the nation's four largest pharmacy benefit managers for inflating prescription drug prices. The lawsuit filed in California charges that through a pattern of illegal, secret dealings with drug companies the PBMs have forced health plans and healthcare consumers to pay inflated prescription drug prices. "The organizations that were created to make prescription drugs more affordable are cutting inside deals with drug companies and driving up costs. It's corporate greed like this that is chipping away at the paychecks of hardworking men and women across the country," AFSCME President Gerald McEntee said. The four companies, Advance PCS, Express Scripts, MedCo Health Solutions and Caremark Rx, control more than 80% of the PBM market, according to the groups. -- by Cinda Becker
Groups accuse PBMs of inflating prices
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