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OCEANSIDE, Calif. - The Oceanside Unified School District is suing a group of pharmaceutical companies and pharmacy benefit managers for allegedly inflating the price of insulin, causing the district to overpay for its employees' health benefits.The 200-plus page lawsuit filed in U.S.
Frantz Law Group, which represents Oceanside Unified, alleges in its complaint that drug manufacturers and pharmacy benefit managers -- or PBMs -- have routinely engaged in a scheme to inflate costs to the detriment of consumers.The alleged scheme involves PBMs placing certain drugs on its list of covered medications -- what's known as a formulary. In exchange, drug manufacturers allegedly provide PBMs with massive rebates and inflate drug prices in order to pay those rebates.
Oceanside Insulin Oceanside Unified School District
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