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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