Texas Attorney General Ken Paxton has filed a lawsuit against several major insulin makers and PBMs, alleging a conspiracy to inflate insulin prices. The lawsuit targets pharmaceutical companies such as Eli Lilly And Co. and PBMs, including Cigna Corp's Express Scripts and CVS Health Inc's CVS Pharmacy, accusing them of engaging in an unlawful scheme to raise insulin prices. According to the lawsuit, insulin manufacturers artificially raised the prices of their drugs while paying PBMs a significant, undisclosed portion in return for preferred placement in PBM offerings. The PBMs allegedly rewarded the manufacturers with the highest list prices by giving their products preferred status while excluding more affordable alternatives.
