Insulin is a hormone the human body produces naturally that is critical in regulating blood sugar levels. Health conditions such as diabetes require some individuals to regulate their blood sugar by taking insulin, which their body does not naturally produce. Unfortunately, the cost of this potentially life-saving hormone has increased significantly over time.
Now, the Federal Trade Commission (FTC) has acted due to price-gouging allegations, opening the door for individuals who require insulin to take legal action of their own. A product liability lawyer from GED Lawyers will lead any lawsuit you qualify to file. Call our team today for your free, no-obligation consultation about working with an insulin overpricing lawsuit lawyer.
Our Insulin Overpricing Lawsuit Attorneys Can Determine Eligibility to Sue an Insulin Manufacturer
The medical and pharmaceutical industries are complicated by nature. Naturally, lawsuits related to insulin price inflation can be similarly complex. To determine your eligibility to file an insulin-related lawsuit, you should:
- Call a lawyer as soon as possible.
- Explain your circumstances to us, including any reasons why you believe you might be the victim of insulin overpricing.
- Share any relevant information about your health insurance, medical treatment, and insulin-specific payments.
- Trust our evaluation, as GED Lawyers has represented clients like you since 1995.
Our lawyers could give you a rundown of who might be eligible to file an insulin lawsuit, but each person’s case is unique. Thus, it’s best to call us as soon as possible for a personalized, complimentary case evaluation.
What Prompted Insulin Overpricing Lawsuits?
Our pharmaceutical price-gouging lawyers are familiar with the multifaceted details of insulin price inflation and the lawsuits arising from these price-fixing allegations. Here are some basic facts to know:
- The FTC has initiated a lawsuit against three pharmacy benefits managers (PBMs): Caremark Rx, Express Scripts (ESI), and OptumRx. PBMs process claims, negotiate discounts, and play other essential roles in the territory between drug manufacturers and patients.
- The FTC’s lawsuit also names group purchasing organizations (GPOs) affiliated with the PBMs, with the GPOs also playing a critical role in the pricing, sale, and purchase of insulin.
- Among the FTC’s allegations are anticompetitive practices that have caused the artificial inflation of insulin prices.
We won’t get too deep into the weeds. The primary takeaway from the FTC’s lawsuit is that for–profit organizations colluded in making patients in dire need of insulin pay more than they should have, doing so through alleged illegal practices.
Who an Insulin Overpricing Lawsuit Lawyer May Sue on Your Behalf
The FTC lawsuit has helped attorneys and their clients know who they could hold financially liable for insulin price gouging. Even without such a lawsuit, our team’s understanding of the law enables us to identify illegal price inflation. That being said, parties who you could hold responsible for inflating the cost of your insulin include:
- Pharmacy benefits managers: We may argue that one or more PBMs intentionally inflated the cost of your insulin. This sort of malicious collaboration is plausible because select PBMs have substantial influence in the medical industry.
- Insulin manufacturers: Manufacturers have a clear financial incentive to sell their products for as much money as possible. That’s why the manufacturer of your insulin—perhaps Eli Lilly, Sanofi, or Novo Nordisk—may share liability for your damages.
The FTC lawsuit mentions the Racketeer Influenced and Corrupt Organizations (RICO) Act, which suggests that insulin overpricing did not result from one party acting alone. Instead, multiple parties acted for their mutual benefit. You may have a credible lawsuit against one or more insulin manufacturers and PBMs, who may have colluded to overcharge you for a life-saving product.
GED Lawyers Has Recovered Millions for Our Clients
Any lawsuit involving major pharmaceutical industry players is likely to be a hard-fought case. You may deserve compensation for the inflated cost of your insulin—and the damages resulting from you being overcharged—but securing that compensation may be challenging.
Allow an experienced insulin overpricing lawsuit lawyer from GED Lawyers to fight for you because:
- We are there when you need us, reaching out to our clients frequently and having several channels for you to contact us.
- Our attorneys have been fighting for clients for three decades, giving them experience you can trust and rely upon.
- Our firm has secured many multi-million-dollar settlements and verdicts and always fights to maximize our clients’ monetary recovery.
We are familiar with the pharmaceutical industry, the specific allegations involved in insulin overpricing cases, and the duty that product manufacturers and other liable parties have to their customers and patients.
Damages We May Include in Your Insulin Price-Gouging Lawsuit
When a drug manufacturer or PBM overcharges someone for a medication or hormone they cannot live without, the resulting harm extends beyond their financial losses. Your insulin overpricing lawsuit attorney from our team will document all your recoverable damages, which might include:
- Money you paid for insulin that you would not have paid were prices set fairly
- Medical expenses you suffered because of lack of access to insulin
- Pain and suffering you’ve experienced due to the exorbitant cost of insulin or other challenges related to insulin overpricing
- Other economic or noneconomic harm resulting from overpriced insulin
One of the most disturbing elements of the insulin overpricing allegations is the possibility that victims died because they did not have access to affordable insulin. If you believe insulin overpricing led to a loved one’s death, a wrongful death lawyer from our team wants to represent the survivors.
Call GED Lawyers Today for Your Free Consultation About Working With an Insulin Overpricing Lawsuit Lawyer
The FTC caught large organizations in the healthcare and pharmaceutical sectors taking advantage of patients with severe health conditions. So, allow an insulin overpricing lawsuit lawyer from GED Lawyers to strike back, demanding compensation and justice for any harm you’ve suffered.
Call GED Lawyers today for your free, no-risk consultation about how an insulin overpricing lawsuit attorney can fight for the compensation you deserve.
