"If you take this to its natural extension, the FTC is invalidating hundreds and hundreds of years of a common law, of statutes being implemented on this topic," Jason Tremblay, a partner with Saul Ewing, said.
The new dispute resolution process is designed to use government officials to oversee disagreements, however, lobby group PhRMA said the new process "panders to 340B hospitals" while ignoring drugmakers' concerns.
Eli Lilly had agreed to cap the price of insulin at $35 per month for 4 years and provide a $13.5 million cash fund, however, a dozen state attorneys general, some with their own insulin lawsuits, had objected to the settlement.
Elevance Health, which is the parent company of Blue Cross and Blue Shield Health insurance plans in 14 states, has partnered with a private equity firm, forging a new offering that will take a whole health approach to primary care.
The coming "baby boomer" retirement collapse – when more Americans will turn 65 than at any point in U.S. history – will find companies having to overcome the catastrophic loss of a generation's years of knowledge and experience.