At Borislow, our priority is remaining transparent and keeping you informed. In response to the recent Johnson & Johnson class action lawsuit, Lewandowski v. Johnson & Johnson, et al., alleging that Johnson & Johnson breached its fiduciary duty under ERISA, we’re taking care to inform our clients of both our consulting approach and the manner in which Borislow is and is not compensated for its placement of PBM arrangements.
Our recent memorandum is aimed to inform and educate employer/plan sponsors, while serving as part of our efforts to comply with the broker and consultant disclosure requirements enacted as a part of the Consolidated Appropriations Act (CAA).
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