Insurance Executives Refused to Pay for the Cancer Treatment That Could Have Saved Him. This Is How They Did It.
A Michigan law requires coverage of cancer drugs. One insurer came up with a “defensible” way to avoid paying for treatments that offered Forrest VanPatten his last chance for survival. “We crossed the line,” says a former executive.
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The code would improve transparency around gifts received by justices and set up a process to investigate and enforce violations.
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So why haven’t these cases settled? Trials are public and verdicts garner headlines. What makes Conagra willing to risk the reputation of its market-leading PAM cooking spray devolving into the Ford Pinto of food products?
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The lawsuits say that an employer runs afoul of the Employee Retirement Income Security Act when it exercises discretion over these forfeitures to benefit itself over workers. According to the lawsuits, the companies used forfeitures to reduce the money they’d otherwise have to contribute to their plans, instead of using it to reduce the administrative expenses borne by workers.
Read more at Bloomberg Law