Much like the 401(k) space, health plans now face heightened scrutiny under the Consolidated Appropriations Act. A class action lawsuit has been filed against Johnson & Johnson (Lewandowski v. Johnson & Johnson) alleging a breach of fiduciary duty as it relates to their health plan. This is a pivotal moment for employers to reassess their approach to health plan management by mirroring the diligence applied to retirement benefits.
The lawsuit alleges that J&J didn’t monitor the cost for prescriptions or certain medical care when employees need services. A few examples include:
| Drug Class | J&J Plan Price | Cash Price |
| Multiple Sclerosis | 10,240 | $28-$78 |
| HIV | $1,629 | $181 |
| Leukemia | $16,298 | $169 |
| Cancer | $15,332 | $1,246 |
As a leader there are very simple steps you can take to set a precedent for excellence in health plan management. This is not just about compliance; it’s about showcasing your commitment to your employees’ well-being and your organization’s financial health.
We’re having detailed discussions and providing actionable items to help employers enhance their health plan oversight and mitigate risks. To schedule time, email rich.hejny@thinkccig.com or taylor.rogers@thinkccig.com
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