Express Scripts Sues FTC Over Defamatory Report on Drug Prices
The lawsuit demands retraction of a report alleging that pharmacy benefit managers inflate drug costs and harm independent pharmacies.
- Express Scripts, a subsidiary of The Cigna Group, filed the lawsuit in federal court in St. Louis, claiming the FTC's report is biased and defamatory.
- The FTC's July 2024 report accused pharmacy benefit managers (PBMs) of driving up drug prices and squeezing independent pharmacies out of business.
- Express Scripts argues that the report disregarded evidence provided by PBMs and followed ideological bias rather than sound economics.
- The FTC stands by its findings, stating that three PBMs, including Express Scripts, control nearly 80% of the market and contribute to high drug costs.
- The lawsuit also calls for FTC Chair Lina Khan to recuse herself from further actions against Express Scripts, citing alleged bias.