An attorney for the nation’s three major pharmacy benefit managers told a federal appeals court on Wednesday that the companies would “unquestionably” be harmed if FTC proceedings against them are allowed to continue. Express Scripts, Caremark, and Optum Rx want the US Court of Appeals for the Eighth Circuit to
preliminarily block an FTC administrative challenge accusing them of anticompetitive practices in the insulin market. Daniel Volchok, a WilmerHale attorney representing the companies, said the in-house FTC proceeding is unconstitutional. “Congress has impermissibly given the FTC power that the Constitution assigns to the courts,” Volchok said during an oral argument. “With that power, the FTC is bringing coercive, highly consequential internal proceedings against private
parties.” |