7
Oct

UnitedHealth Accused of Gouging Customers on Prescription Drugs

  • Customers say insurer had secret system to reap excessive fees
  • Company demanded ‘clawback’ co-payments from pharmacies

Some UnitedHealth Group Inc. customers claim the health insurer defrauded them by setting up a system that secretly overcharged for prescription drugs.

UnitedHealth customers made co-payments far in excess of the costs of actual drugs, prescription sometimes paying $50 for a drug that cost the insurer less than $15, according to a lawsuit filed Tuesday in Minnesota.

The accusations follow recent scandals over inflated drug prices involving Mylan NV’s EpiPen allergy treatment and former Turing Pharmaceuticals Chief Executive Officer Martin Shkreli’s more than 5,000 percent price hike for the drug Daraprim in 2015. Turing’s medicine treats a rare parasitic disease.

Read Full Article Here >>