MSCS joins “mass action” suit against drug companies over insulin costs [Video]

MEMPHIS, Tenn. — Memphis-Shelby County Schools officials have filed suit against pharmaceutical manufacturers due to the rising cost of insulin.

MSCS has joined a host of school districts in a mass action lawsuit against drug manufacturers, Eli Lilly, Novo Nordisk and Sanofi-Aventis, as well as pharmacies, due to the cost of insulin.

Attorneys for the school district, James Frantz and William Shinoff, say that the legal action is in part due to the self-funded insurance plans that entities such as MSCS have and when partnered with the price of insulin, has possibly cost the district millions of dollars.

“A lot of municipalities and school districts across the country have, they pay a major share of all those individuals under their plans, prescriptions and …