Texas AG Ken Paxton sues Eli Lilly, CVS, and Cigna for alleged insulin price inflation conspiracy.

Texas Attorney General Ken Paxton has filed a lawsuit against major insulin manufacturers, including Eli Lilly, and pharmacy benefit managers (PBMs) like CVS and Cigna. The suit alleges a conspiracy to artificially inflate insulin prices, which have risen from $20 in the late 1990s to between $300 and $700 today, reflecting a 1,000% increase. The lawsuit seeks restitution for affected diabetes patients, who have been overcharged and forced to ration their insulin.

October 03, 2024
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