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People also ask
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What is the FTC lawsuit with Cigna?
The FTC suit accuses CVS Health's Caremark, UnitedHealth's Optum, and Cigna's Express Scripts of unfairly limiting access to insulin drugs with lower list prices and steering patients toward more expensive drugs to increase the spread of profit from negotiated discounts. An FTC spokesperson declined to comment.
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How much are the FTC refund checks?
The FTC will be sending 86,752 checks averaging about $56 each. People who receive checks should deposit or cash them within 90 days, as indicated on the check. Recipients who have questions about their checks can call the refund administrator, Epiq, at 800-591-4238.
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Who is the FTC and what do they do?
About the FTC The FTC's mission is protecting the public from deceptive or unfair business practices and from unfair methods of competition through law enforcement, advocacy, research, and education.
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What are examples of FTC violations?
The FTC has brought legal actions against organizations that have violated consumers' privacy rights, or misled them by failing to maintain security for sensitive consumer information, or caused substantial consumer injury.
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Are FTC cases civil or criminal?
The FTC's civil enforcement actions shut down fraud and get restitution for consumers or disgorgement to the U.S. Treasury. Examples of FTC fraud cases include: telemarketing scams. mortgage and other debt relief rip-offs.
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Why did I get a FTC refund?
Whenever possible, the FTC uses the money it collects from defendants to provide refunds to injured consumers. If there is any money left in the settlement fund after the first distribution, the FTC may send a second round of payments.
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What is an FTC lawsuit?
Every year the FTC brings hundreds of cases against individuals and companies for violating consumer protection and competition laws that the agency enforces. These cases can involve fraud, scams, identity theft, false advertising, privacy violations, anti-competitive behavior and more.
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What pharmaceutical companies are suing the FTC?
The FTC's administrative complaint alleges that CVS Health's Caremark, Cigna's ESI, and United Health Group's Optum, and their respective GPOs—Zinc Health Services, Ascent Health Services, and Emisar Pharma Services—have abused their economic power by rigging pharmaceutical supply chain competition in their favor, ...
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