KY’s AG Sues Insulin Makers For Price Gouging

KY’s AG Sues Insulin Makers For Price Gouging

Kentucky’s attorney general, Andy Beshear has sued three leading insulin manufacturers, accusing them of deceptive pricing schemes that have caused hardships in a state with high diabetes rates.Attorney General Andy Beshear says his lawsuit filed Monday in state court seeks civil and punitive penalties. Defendants are Eli Lilly, Sanofi-Aventis and Novo Nordisk.The suit alleges the insulin makers violated Kentucky’s consumer-protection law with schemes to inflate insulin prices. Beshear says the defendants increased the price of insulin products at least 10 times since 2008.

Source: MG News

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