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California is suing drug companies. why are they doing that? In this week’s top stories, we look at the answers and other details, including his GE Healthcare deal with French firm IMPACTIS and SickKids’ recent ransomware scare.
For news and feature stories from Jeff Lagasse, visit Healthcare Finance News.
In this episode:
- The lawsuit alleges that manufacturers Eli Lilly, Novo Nordisk, Sanofi and pharmacy benefits managers CVS Caremark, ExpressScript and OptumRx used market power to overcharge patients.
- The three manufacturers named in the lawsuit produce more than 90% of the world’s insulin supply, and the three PBMs manage pharmacy benefits for approximately 80% of managed prescription claims.
- Financial details of the transaction were not disclosed, but GE HealthCare said it expects to finance the acquisition with cash on hand.
- UHN announced that there was no patient data breach and attributed the outage to a network issue.
Email the writer: Jeff.Lagasse@himssmedia.com