Fiduciary Strategies: Focus on Pharmacy

In a year marked by high-profile breach of fiduciary lawsuits against major organizations like Johnson & Johnson, Mayo Clinic, Wells Fargo and J.P. Morgan Chase, understanding fiduciary responsibilities, especially those relating to pharmacy benefits, has never been more critical for self- funded health plans, their brokers and consultants. The legal landscape is shifting. Staying informed is no longer optional – it’s essential.

Key Takeaways:

• Understand health plan and pharmacy benefit management fiduciary duties

• The vital importance of access to transparent plan data

• Vendor management, compliance, and due diligence

• Evaluating true pharmacy cost-containment options