The daily brief for benefits professionals.

DOL Announces Final PBM Fee Disclosure Rule

The rule is intended to improve transparency into fees and compensation plan sponsors pay pharmacy benefit managers and their affiliates.

Six Employers Accuse UnitedHealth of Breaching Fiduciary Duty

Plaintiffs say the health insurance provider misused benefit plan assets and charged excessive and undisclosed fees.

Six Companies Sue UnitedHealth, Alleging Fiduciary Duty Breaches in Employee Benefit Plans

UnitedHealth Group was sued by six employers on October 20, who alleged the insurance provider routinely approved and paid false, fraudulent and inflated medical claims with employee health plan assets while collecting undisclosed fees. The plaintiffs include Aramark Services Inc., Kraft Heinz Foods Co., Ralph Lauren Corp., Sterling Jewelers Inc., W.W. Grainger Inc. and Whirlpool Corp., as well as the benefit plans and committees that hired UnitedHealth as a third-party administrator in 2020.