00:00It's Benzinga bringing Wall Street to Main Street.
00:02CBS Health, United Health Group and Cigna have filed a lawsuit against the Federal
00:06Trade Commission alleging the agency's case targeting pharmacy benefit managers
00:10for driving up insulin prices is unconstitutional.
00:13The complaint challenges the FTC's administrative process,
00:17claiming it violates due process rights and should be instead litigated in federal court.
00:22Companies are certain that the FTC's approach is fundamentally unfair
00:26and bypasses democratic accountability.
00:28The FTC stated that corporate giants often challenge its constitutionality
00:32to deflect from alleged business practices that increase costs for life-saving medicine.
00:37For all things money, visit Benzinga.com slash GSTV.
Comments