Tag Archives: UnitedHealth

UnitedHealth Group, the American insurance giant recently in the spotlight due to the tragic death of UnitedHealthcare CEO Brian Thompson, has landed in yet another controversy—this time involving the Federal Trade Commission (FTC). A newly released government report has uncovered that UnitedHealth Group, along with other major healthcare companies, has been charging exorbitant markups on prescription drugs, sometimes exceeding 1,000%, even for generic brands.Profiting from Sky-High MarkupsAccording to a recent report from the FTC, UnitedHealth Group's online pharmacy, OptumRx, together with CVS's Caremark Rx and Express Scripts, imposed markups of thousands of per cent on various specialty generic medications sold through their affiliated pharmacies. Many other drugs reportedly saw price increases of several hundred per cent, further inflating costs for consumers. With that finding, FTC stated that the 'Big 3' pharmacy benefit management (PBM) organisations collectively generated...