CVS has been hit with at least three federal class actions, including two antitrust cases accusing CVS Caremark Corp. and other pharmacy benefit managers, the intermediaries between insurance companies and pharmacies, of price-fixing prescription drug reimbursement rates.
The Council issued recommendations to the DOL to create a “tips document” to help fiduciaries in choosing QDIAs with lifetime income options, improve QDIA guidance, and provide for QDIAs in IRAs.
Earlier versions of the bill included provisions that would have limited an employer to including only $10,200 in spending on employee-only coverage and $27,500 in spending for family coverage coverage from taxable income.
Benefits advisors can help employers both manage those costs and enable better employee health outcomes by educating them on the ways GI-first benefits can impact all other aspects of employee wellness.
Improving productivity in the workplace is a top priority for executives in 2025, even outweighing managing medical benefits costs, which are expected to rise sharply next year.
So far, 17 states have passed laws to limit environmental, social and governance investing, and there have been over 150 bills on ESG investing in 37 states.
Mark Bertolini, ex-CEO of Aetna, proposed that employers continue to contribute to employees’ insurance, but instead of enrolling them in a group plan, allow them to select an individual plan that fits their needs.