Top 3 drug insurers reaped billions as their drug middlemen inflated prices, FTC alleges

Regulators published their most detailed findings yet on how some of the nation’s largest companies profited from ‘excess’ prescription price hikes of 1,000% or more.

Topics

Johnson & Johnson makes $15 billion bet on mental-health drugs

Pharma giant Johnson & Johnson is buying Intra-Cellular Therapies, eying sales growth above analysts’ expectations through 2029.
MarketWatch - 1d
Regulators Tell Baltimore Drug Program to ‘Cease and Desist’

Maryland issued the order after an investigation by The New York Times and The Baltimore Banner traced overdoses and deaths to an addiction program offering free housing.
The New York Times - 4d
Inside the UK's first legal drug consumption room

The Thistle will open its doors next week after nearly a decade of deadlock over drug laws.
BBC News - 5d
Prices of top 25 Medicare Part D drugs have nearly doubled, AARP study finds

AARP's new research finds price growth for top Part D prescription drugs has exceeded inflation, making a case for allowing Medicare to negotiate prices.
CNBC - 5d
Weight-loss drugs like Ozempic may be up for Medicare price negotiations — will Trump support it?

Medicare’s drug pricing negotiations — the first of their kind in the United States, passed under President Joe Biden — face an uncertain future in the incoming Trump administration.
NBC News - 5d
Louisiana mayor arrested after drug trafficking investigation

Seven people — including Tyrin Truong, mayor of Bogalusa, Louisiana — are facing charges issued in connection with a drug trafficking investigation.
CBS News - Jan. 7
Ketamine could be reclassified as Class A drug

Illegal use of the drug reached record levels last year, the Home Office said.
BBC News - Jan. 7
In France, Drug Traffic Spreads to Small Towns

Even quaint corners of the country are seeing a rise in drug violence and crime. Just ask the mayor of Morlaix, which has a population of about 15,000.
The New York Times - Jan. 4

More from NBC News

5 takeaways from Pete Hegseth's confirmation hearing

Pete Hegseth, Trump's defense pick, was met with a friendly reception by Senate Republicans at his Tuesday hearing before the Armed Services Committee.
NBC News - 6h
Michelle Obama will not attend Donald Trump's inauguration

Former First Lady Michelle Obama will not attend President-elect Donald Trump's inauguration. NBC News’ Yamiche Alcindor report on Obama’s absence from recent events
NBC News - 4h
Hegseth defends tattoos with alleged connection to extremist groups in confirmation hearing

Pete Hegseth, President-elect Donald Trump’s pick for defense secretary, answered questions about misconduct allegations and views on women at his Senate confirmation hearing. Hegseth defended his ...
NBC News - 5h
Biden offers condolences to victims of Los Angeles wildfires

President Joe Biden spoke on the devastating wildfires around Los Angeles and thanked firefighters and first responders for their efforts.
NBC News - 6h
Only China wins in a trade war between Canada and the U.S., says Ontario premier

President-elect Donald Trump is escalating his rhetoric towards America's neighbors, threatening to impose 25% tariffs on all imports from Mexico and Canada. Ontario Premier Doug Ford joins Meet ...
NBC News - 8h

More in Politics

FAFSA forms to make October release after two-year struggle

The Free Application for Federal Student Aid (FAFSA) forms will be released on Oct. 1 this year, the Department of Education announced on Wednesday, hitting the normal deadline after two chaotic ...
The Hill - 1h
Nearly half of Americans skeptical Trump admin will lower health costs: Poll

Nearly half of Americans don’t believe that the incoming Trump administration will lower health costs, according to a new Gallup poll. The research, conducted after the presidential election, ...
The Hill - 1h
Jeffries: With narrow margin, House GOP can’t ‘pass anything close’ to bill Johnson floating

House Minority Leader Hakeem Jeffries (D-N.Y.) argued House Republicans, with their narrow margin, won’t be able to pass “anything close” to what Speaker Mike Johnson (R-La.) has been floating. ...
The Hill - 2h
Here are the confirmed attendees at Trump’s inauguration

President-elect Trump’s Inauguration Day is less than a week away and he’s begun to plan who will attend various events in Washington to mark his return to the White House. Trump has invited many ...
The Hill - 3h
California Democrat hits FEMA over assistance claim denials: 'That's not right'

Rep. Judy Chu (D-Calif.), whose district has been damaged by the Eaton Fire, criticized FEMA for reportedly rejecting disaster assistance claims because of a lack of insurance information. "I am ...
The Hill - 3h