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Express Scripts, Anthem Face ERISA Lawsuit Over Drug Pricing
Bloomberg BNA Link to more items from this source
June 28, 2016
"Express Scripts Inc. and Anthem Inc. are accused in a proposed class action of breaching their ERISA fiduciary duties by entering into a 10-year, multibillion-dollar prescription-drug agreement that caused plan participants to overpay for benefits ... In March, Anthem sued Express Scripts for allegedly overcharging for prescription drugs in violation of the parties' agreement.... The latest lawsuit, filed June 24 in the U.S. District Court for the Southern District of New York, is brought by participants in three medical plans sponsored by Verizon Communications Inc., AmTrust Financial Services Inc., and LG&E and KU Energy LLC. The plans have more than 26,000 participants combined."

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