Lawsuits for Health Plan Scams Have Begun!
500th post! ERISA enforcement is here, and I am unbearable smug about it.
This is the 500th post on The Frontier Psychiatrists newsletter, and as an insufferable know-it-all, I'm thrilled to report: “I was right,” like all insufferable know-it-alls.
The headline? Johnson and Johnson1 have been hit with an extremely detailed and potentially expensive class action lawsuit for ERISA fiduciary breach. This article will tell the story of what I predicted, what has happened, why it matters, and what I see happening next:
On July 1st, 2022, I wrote my first article. It was about the Post-Roe Crisis I say coming:
…The 1974 Employment Retirement Income Security Act (ERISA) is a federal tax and labor law establishing standards for private industry. It provides the rationale for which health insurance gets a tax break. …Importantly, the Combined Appropriations Act of 2021 mandated employers and benefits brokers act as fiduciaries, making it illegal for employers to pay for a health insurance plan that does not cover all medically necessary care….And since employer be…