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Johnson & Johnson Case Highlights Fiduciary Duty Obligations of Employer-Sponsored Health Plans
Haynes Boone
Feb. 23, 2024 "[T]he plan administrator of an employer-sponsored, group health plan, particularly one funded by a VEBA, has a fiduciary responsibility to engage in a prudent process when selecting and negotiating with its PBM, which may require an open RFP.... [P]lan fiduciaries should have ongoing processes for monitoring and reviewing plan fees, the prescription drug formulary, and the PBM's performance." [Lewandowski v. Johnson & Johnson, No. 24-0671 (D.N.J. complaint filed Feb. 5, 2024)] MORE >> |
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