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Your employer clients should not get too comfortable about having avoided employee lawsuits over how they have managed their medical and pharmacy benefit plans, nor should you become complacent about the growing need for transparent pricing of your services.
Experts warn lawsuits are imminent and liken them to the ERISA class-action complaints many faced related to 401(k) plan or pension benefit management practices and fees paid to third-party administrators.
Cheryl Larson is president and CEO of the Midwest Business Group on Health. MBGH is a not-for-profit, 501(c)(3) educational and research organization of over 100 large, self-funded public and private … Read full bio
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