Tiara Yachts, Inc. v. Blue Cross Blue Shield of Michigan

Why this Matters:

Plaintiff alleges that the defendant violated its fiduciary duty under the Employee Retirement Income Security Act by mishandling plaintiff’s assets under its self-funded health plan. The mismanagement of health plan assets can contribute to increased costs.

Potential Impact:

Ensuring compliance with statutory obligations to administer health plans consistent with their fiduciary duty could help lower health care costs.