Plaintiff Attorney Calls Plan Sponsor
Why the heck would an employer want to put themselves at risk of punishing government sanctions and lawsuits? That’s one reason ICHRAs are gaining in popularity – it gets employers out of the health insurance business.
An Emerging Wave of Breach Claims Spells Trouble for Health Plan Fiduciaries (PDF)
“Following the passage of the Consolidated Appropriations Act, 2021 (CAA), and the associated implementation of the Transparency in Coverage Rule requiring public posting of machine-readable files listing prescription drug prices, plan participants and their law firms can now compare and review fiduciary decisions via data that was not previously available. This increased scrutiny means health plan fiduciaries are now subject to increased litigation risk.” MORE >>
