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JPMorgan Accused of Allowing Excessive CVS Caremark Fees in Employee Health Plan
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Mar. 10, 2026 "JPMorgan violated ERISA by using a 'fundamentally flawed' process to hire CVS Caremark, whose parent company CVS Health is an investment banking client, the proposed class action lawsuit claims.... JPMorgan allowed CVS Caremark to mark up prices for 366 generic drugs by an average of 211%, causing some employees to pay more than uninsured patients, the complaint alleges." [Stern v. JPMorgan Chase & Co., No. 25-2097 (S.D.N.Y. Mar. 9, 2026)] MORE >> |
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