Health & Welfare Plans Newsletter
May 6, 2025
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💼 3 New Job Opportunities
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[Guidance Overview]
New EO Targets Prescription Drug Costs
"[T]he provisions of [Executive Order 14273] appear intended to drive down the prices that the
federal government pays for drugs and reduce out-of-pocket costs for patients, with many provisions designed to do both.... [P]rivate payors are also targeted through efforts to increase transparency in their compensation models." MORE >>
McDermott Will & Emery
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[Sponsor]
Webinar: Employer Health Plans in 2025 -- Navigating the New Horizon
In this May 29 webcast, three experienced benefits lawyers will break down the latest benefit designs, real-life questions they're receiving from plan sponsors, and issues to consider to help plans navigate these shifting seas. Use code BLENHP for 25% off.
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Michigan Attorney General Sues Two PBMs, Alleging Price-Fixing and Other Anticompetitive Conduct
"The 89-page complaint details the decline of independent pharmacies in Michigan and across the United States and alleges that ESI and Prime's arrangement ... harmed Michigan residents by decreasing healthcare access, increasing healthcare costs and decreasing the number
of small businesses in Michigan. This is the latest in a series of lawsuits alleging collusion by the nation's major PBMs and continues a nationwide trend of increased scrutiny of PBM conduct." [Michigan v. Express Scripts, Inc., No. 25-11215 (E.D. Mich. complaint
filed Apr. 28, 2025)] MORE >>
Duane Morris LLP
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Insurers Question Cell and Gene Therapy Costs as New CMS Model Nears
"In June, [CMS] will name the participating states for the agency's new Cell and Gene Therapy (CGT) Access Model.... Insurers, however, are wary broadly of the financial costs associated with cell and gene therapies ... Nearly three-fourths (73%) of respondents said they
view the affordability of cell and gene therapies as a moderate or major challenge in the next two to three years. For health plans, that figure rises to 87%." MORE >>
FierceHealthcare
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Challenges and Opportunities for Benefits Consultants: Navigating the Future of Healthcare Benefits
"[1] Demonstrating benefits ROI ... [2] Managing rising healthcare costs ... [3] Meeting the demand for personalization ... [4] Integrating new technologies ... [5] Overcoming the communication challenge." MORE >>
Summus
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Regulating Out-of-Network Hospital Payments: Disagreement Payoffs, Negotiated Prices, and Access
"[R]educing out-of-network prices would also lower negotiated prices, but potentially at the cost of narrower hospital networks. Aggressive regulation could induce substantial hospital exit, but only under the restrictive assumption that negotiators cannot anticipate the
exits." MORE >>
National Bureau of Economic Research [NBER]; purchase may be required for full document
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Alternatives to On-Site Child-Care Benefits
"Employers can work with third-party vendors that provide a platform for locating licensed child-care providers with real-time availability. Employees can identify child-care providers that meet their unique needs.... [S]tipends or reimbursements can be paid from the employer to
the child-care provider or the employee. Another option is employer contributions to employees' dependent care flexible spending accounts or dependent care assistance program (DCAP)." MORE >>
International Foundation of Employee Benefit Plans [IFEBP]
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Benefits in General |
[Guidance Overview]
DOL Plans to Rescind Biden's Gig Worker Rule Making It Easier for Companies to Use Independent Contractors
"The May 1, 2025 announcement represents a shift in labor policy with significant implications for gig economy businesses
and workers. While businesses celebrate the return to a more flexible labor market, and labor advocates warn that this change will leave many gig workers without crucial protections ... until DOL takes further action, the Biden Rule remains in effect for purposes of private litigation." MORE >>
Nelson Mullins
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[Opinion]
How to Draft 'Useless' Fiduciary Committee Minutes – and Why You Should Want To
"The Supreme Court's recent decision in Cunningham v. Cornell University set the bar for pleading standards against ERISA-governed plans laughably low.... [M]any more claims against ERISA-covered plans will get into formal discovery, which means that minutes of
fiduciary committee meetings -- whether retirement or welfare plan -- will be scrutinized. It's time to stop treating minutes as a mere formality. Here are three recommendations." [Cunningham v. Cornell Univ., No. 23-1007 (S.Ct. Apr. 17,
2025)] MORE >>
Alden J. Bianchi, via LinkedIn; login may be required
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Employee Benefits Jobs
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Press Releases |
PlanPort Announces Expansion to 403(b) Plans
PlanPort
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Webcasts and Conferences (Health & Welfare Plans) |
The Trump Administration's Impact on Employee Benefits
RECORDED
Sun Life Financial
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AI for Consultants: Practical Applications
June 11, 2025 WEBINAR
Conference of Consulting Actuaries
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Last Issue's Most Popular Items |
DOL Provides Enhanced Cybersecurity Guidance for ERISA Plans (PDF)
HUB International
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Lowering Drug Costs: What Employers Need to Know from the Latest Executive Order
OneDigital
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Plan Sponsors Beware: The U.S. Supreme Court Just Eased Requirements to File ERISA Prohibited Transaction Suits
Ropes & Gray LLP
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BenefitsLink® Health & Welfare Plans Newsletter, ISSN no. 1536-9595.
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