US EditionWhich Streets Will Be Closed for the NASCAR Chicago Street Race? Here's What to Know
- Cole Schmidtknecht, a 22-year-old in Appleton, Wisconsin, died last year following an asthma attack after failing to refill a critical inhaler.
- His inhaler’s price rose from under $70 to over $500 due to removal from his insurance formulary by Optum Rx, a pharmacy benefit manager , without required notices.
- The Schmidtknechts sued Optum Rx and Walgreens for lack of notification, doctor contact, and affordable alternatives, blaming a profit-driven, opaque PBM system.
- A January Federal Trade Commission report detailed how the three largest PBMs inflated drug costs by billions, while Optum Rx claimed to save patients $1.3 billion last year.
- The Schmidtknechts advocate legislation mandating a 90-day formulary change notice to prevent similar tragedies and improve transparency in the drug pricing system.
31 Articles
31 Articles
Which streets will be closed for the NASCAR Chicago Street Race? Here's what to know
China’s manufacturing activity in May shrank at the fastest pace since September 2022, a private survey showed. Official PMI released over the weekend showed China’s manufacturing activity contracted for a second month in May. The private Caixin survey, conducted mid-month, covers a smaller sample of over 500 mostly export-oriented firms. China’s manufacturing activity in May shrank at its fastest pace since September 2022, a private survey show…
The activity in the manufacturing industry of China recorded in May its first contraction in eight months in the face of the impact of the trade war with the United States, according to the purchasing management index (PMI, industry benchmark) released this Tuesday by the private digital daily Caixin. This indicator, developed by the risk rating agency Standard & Poor’s (S&P) and that many international investors take as reference to analyze the…
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