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Benefits & Executive Compensation News

B. Braun Medical Wins Bench Trial Over Management of 401(k) Plan

B. Braun Medical Inc. used objectively prudent procedures to manage its $790 million 401(k) plan for over 6,600 participants, a federal trial court said.

California Law Extends to Entities Hired by Employers as Agents

Business entities acting as agents of an employer can be directly liable for discrimination under California’s Fair Employment and Housing Act, the state supreme court unanimously ruled Monday in a case involving a medical screener that allegedly asked job applicants impermissible questions.

Bristol-Myers, J&J on Deck to Negotiate Prices With Medicare

The drugmakers suing the US government in multiple courts to block drug price negotiations are doing so for good reason—they’re the ones that stand to lose the most in Medicare’s first-ever plan to control the cost of medicines it spends the most on.

Air Ambulances Sue Health Care Service Corp. Alleging Nonpayment

Two air ambulance companies filed a lawsuit against Health Care Service Corp. alleging they weren’t paid nearly $1 million in fees they were awarded under No Surprises Act arbitration.

Wegovy’s Potential Heart Benefit Factors Into Coverage Decisions

Novo Nordisk’s recent announcement that its blockbuster obesity drug Wegovy reduced heart disease risk is prompting employers to look into covering pricey weight-loss drugs.

PRACTITIONER INSIGHTS

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Patrick Haggerty
Patrick A. Haggerty, Tax and Accounting Services

Latest Stories

California Law Extends to Entities Hired by Employers as Agents

Business entities acting as agents of an employer can be directly liable for discrimination under California’s Fair Employment and Housing Act, the state supreme court unanimously ruled Monday in a case involving a medical screener that allegedly asked job applicants impermissible questions.

American Air Pilots Approve Record Contract With Higher Pay

American Airlines Group Inc. pilots approved a new contract that would provide 46% in cumulative pay raises and retirement contributions over its four-year term, along with a bonus, improved scheduling, sick leave and insurance benefits.

Sculptor CEO Levin’s Pay Will Be Cut Under Rithm Deal Terms

Hedge fund firm Sculptor Capital Management Inc. said its deal to be acquired by Rithm Capital Corp. will cut Chief Executive Officer Jimmy Levin’s pay, a flash point in the long-running dispute between the publicly traded hedge fund firm and its founder.

Punching In: GOP Labor Board Seat Empty as Democrat’s Vote Looms

The makeup of the NLRB board remains in flux as Congress prepares to vote on the Democrats’ nominee while still awaiting a candidate for the open Republican seat on the five-member board. Meanwhile, a New York state law aimed to promote pay transparency goes into effect next month.

Bristol-Myers, J&J on Deck to Negotiate Prices With Medicare

The drugmakers suing the US government in multiple courts to block drug price negotiations are doing so for good reason—they’re the ones that stand to lose the most in Medicare’s first-ever plan to control the cost of medicines it spends the most on.

IN BRIEF

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Case: Health Care & Benefits/Benefits Denial (E.D. Va.)

The court adopted a U.S. Magistrate Judge’s recommendation to deny Anthem Health Plans of Virginia Inc.'s motion to dismiss an employee’s ERISA action to recover benefits and obtain equitable relief under the Mental Health Parity and Addiction Equity Act. B.H. v. Anthem Health Plans of Va. Inc., 2023 BL 282545, E.D. Va., 3:22cv600 (RCY), 8/15/23

Case: Health Care & Benefits/Long-Term Disability Benefits (N.D. Cal.)

The court granted an Amazon.com Services Inc. employee’s motion for judgment and denied Hartford Life & Accident Insurance Co.'s motion for judgment in this ERISA action challenging the denial of benefits for long-term disability. Sund v. Hartford Life & Accident Ins. Co., 2023 BL 277623, N.D. Cal., 21-cv-05218-JST, 8/11/23

Case: Health Care & Benefits/Benefits Denial (W.D.N.C.)

The court granted Anthem Blue Cross Blue Shield and Deloitte LLP Group Insurance Plan’s partial motion to dismiss an employee’s claim for equitable relief under the Mental Health Parity Addiction Equity Act, because the employee has an ERISA cause of action. T.S. v. Anthem Blue Cross Blue Shield, 2023 BL 269419, W.D.N.C., 1:23-cv-60-MOC, 8/3/23