Express Scripts Responds to Recent FTC Insulin Concerns

Express Scripts Addresses FTC's Concerns on Insulin Pricing

Express Scripts led the way in reducing out-of-pocket costs for insulin medicines, capping them at $25 for a 30-day supply back in 2019. This initiative took place well ahead of any government regulations, highlighting the commitment of Express Scripts to making healthcare more affordable for individuals relying on insulin.

Response to FTC Actions

Recently, Express Scripts, a subsidiary of The Cigna Group (NYSE: CI), voiced strong criticism regarding the Federal Trade Commission's (FTC) actions concerning insulin pricing. The organization's remarks are attributed to Andrea Nelson, Chief Legal Officer of The Cigna Group. She expressed concerns over the FTC's approach, suggesting it reflects an ongoing pattern of uninformed and ideologically biased attacks on pharmacy benefit managers.

Understanding the Marketplace

According to Nelson, the FTC's actions are misinformed and ignore the complex realities of drug pricing. She emphasized that government entities, funded by taxpayers, should prioritize consumer protection instead of engaging in political maneuvers. Nelson stated, "The FTC’s strategy threatens to raise drug prices further, potentially harming consumers and employers alike who depend on accessible prescription plans."

The Importance of Pharmacy Benefit Managers

Nelson highlighted the crucial role of pharmacy benefit managers in reducing the costs of medications. She voiced concern that if the FTC's lawsuit succeeds, it could mandate the inclusion of more expensive drugs on formularies, ultimately driving up costs. This situation poses a real risk to employers, labor unions, and even government bodies that provide drug benefits.

Commitment to Accountability

In light of these challenges, Express Scripts is determined to defend its ability to deliver lower drug costs. The organization has emphasized the urgency for their services, particularly as pharmaceutical companies continue to raise medication prices annually. Express Scripts has assured its clients and the public that it will not be swayed by unwarranted lawsuits and misinformation. "We are committed to our mission of making healthcare more accessible and affordable for all of our clients and the millions of Americans who rely on us,” Nelson proclaimed.

About Express Scripts and Evernorth Health Services

Evernorth Health Services, the parent company of Express Scripts, is dedicated to creating integrated pharmacy, care, and benefits solutions that enhance health outcomes. Their objective is to innovate continuously, ensuring that healthcare is more accessible to everyone.

Frequently Asked Questions

What is Express Scripts' stance on the FTC's actions regarding insulin?

Express Scripts has criticized the FTC for its approach, arguing that it could harm drug pricing and consumer welfare.

What commitment does Express Scripts make regarding insulin costs?

Express Scripts committed to defending its ability to maintain lower drug costs for clients and patients, ensuring accessibility to essential medications.

How does the FTC's action potentially affect drug pricing?

Experts are concerned that the FTC's suit might lead to higher drug prices if pharmacy benefit managers are forced to include expensive medications on formularies.

Why is Express Scripts important in the healthcare market?

Express Scripts plays a vital role in managing drug costs, making medications affordable for millions through effective pharmacy benefit management.

What is the focus of Evernorth Health Services?

Evernorth Health Services aims to create comprehensive healthcare solutions that improve health outcomes and make healthcare more accessible for everyone.

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