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Lawsuits targeting employers’ work with PBMs put HR on alert

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D

espite recent efforts to lower the price of US prescription drugs, most Americans are still worried about affording them, according to a KFF poll.S

everal lawsuits highlight employers’ role negotiating health plan contracts with pharmacy benefit managers (PBMs) that include pricey prescription drugs, and seek to hold them accountable under the Employee Retirement Income Security Act of 1974 (ERIS

A).The most recent lawsuit was filed by JPMorgan employees on Mar. 13, alleging the company mismanaged its health plan benefit funds, leading to higher healthcare premiums and out-of-pocket drug cos

ts.In one example cited in the complaint, the multiple sclerosis drug teriflunomide was priced

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