The city of Providence is accusing major drug manufacturers and pharmacy companies of price fixing and racketeering violations in a federal lawsuit filed Wednesday.
The city’s complaint alleges insulin makers including Eli Lilly and Novo Nordisk and pharmacy benefit management companies including those operated under CVS and United Healthcare inflated the price of the diabetes treatment to make money.
The lawsuit accuses the companies of a pricing scheme that is “unconscionable, deceptive, and unfair and it is immensely lucrative for Defendants.”…