U.S. High Court Won’t Review Ruling That Insurer, PBM Are Not ERISA Fiduciaries

Mealey's (June 27, 2022, 1:24 PM EDT) -- WASHINGTON, D.C. — The U.S. Supreme Court on June 27 denied a request to review a nonprecedential Second Circuit U.S. Court of Appeals ruling that a health benefits provider and a pharmacy benefits manager (PBM) were not acting as fiduciaries under the Employee Retirement Income Security Act when they set prescription drug prices....