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. This appeal addresses whether the district court erred in granting the defendant’s motion to dismiss.

Potential Impact:

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