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Group Health Plan Fiduciaries May Now Be a Target of Lawsuits for Excessive Fees
Smith, Gambrell & Russell, LLP 
Feb. 23, 2024 "In light of the J&J case and recent uptick in group health plan litigation alleging breach of fiduciary duty, group health plan fiduciaries may wish to evaluate their current fiduciary governance structure to ensure a process is in place for selecting and monitoring group health plan service providers. This may include a renewed focus on contract terms and monitoring group health plan costs, especially prescription drug costs and the amounts paid to PBMs and the plans' consultants and administrators, in order to ensure such costs remain reasonable." |
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