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Wisconsin Man Died of Asthma Attack Days After Inhaler Prices Skyrocketed Without Warning. Now His Family Is Suing His Insurer

  • Cole Schmidtknecht, a 22-year-old from Wisconsin, died due to a severe asthma attack after an unexpected 700% price increase for his inhaler, which became unaffordable at over $500.
  • His parents, Bil and Shanon Schmidtknecht, are suing Optum Rx and Walgreens for not providing proper notice of changes to his insurance coverage and failures in communication with his doctor.
  • The Schmidtknechts are advocating for legislation to require 90 days' notice for medication changes and highlight the role of pharmacy benefit managers in increasing drug prices.
  • A January FTC report indicated the largest pharmacy benefit managers have raised costs for many life-saving medications by billions of dollars, despite their claims of providing affordable options.
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The Washington Post broke the news in on Monday, February 10, 2025.
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