City of Cleveland, Mayor Bibb sue insulin manufacturers for damages for high drug prices, Cleveland the first city in the country to file such a lawsuit.... By clevelandurbannews.com, Ohio's Black digital news leader
Cleveland Mayor Justin Bibb CLEVELAND, Ohio— Led By Mayor Justin Bibb, th e city of Cleveland this week filed a lawsuit in federal district court against a cadre of drug manufacturers and pharmacy benefit managers (PBMs), accusing them of orchestrating a fixed pricing scheme that resulted in skyrocketing insulin prices and that has cost the city millions of dollars in prescription benefit payouts. The city is represented in the case, which might prove to be expensive, by the city law department, the Cleveland law firm of Kelley Ferraro, LLC, and other prominent attorneys . The main accusation driving the unprecedented lawsuit, which names pharmaceutical giant Eli Lily company as the leading defendant, is that the nation's largest insulin makers and pharmacies are driving up the cost of the lifesaving drug through unlawful, unfair, and deceptive business practices. In the U.S. insulin is so expensive that many diabetics struggle to afford it even when covered by health plans