Navarro et al. v. Wells Fargo & Company et al.

Why This Matters

Plaintiffs allege that the defendants’ conduct violates their fiduciary duty under the Employee Retirement Income Security Act to ensure that prescription drug prices under their health benefit plans are reasonable. The mismanagement of health benefit plan funds can contribute to increased health care premiums and out-of-pocket drugs costs, while also constraining employee wage growth.

Potential Impact

Ensuring employers comply with statutory obligations to monitor the cost-effectiveness of various aspects of their health benefit plans could help lower health care costs for employees.