Health
JPMorgan Employee Lawsuit Says Bank Overpaid for Prescription Drugs
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JPMorgan Chase & Co. was sued by employees who say the company’s prescription drug plan, run by CVS Health Corp., agreed to pay exorbitant prices for medications, driving up expenses for workers.
The would-be class action is the latest lawsuit accusing a large employer of mismanaging health benefits. In one example, JPMorgan’s plan paid more than $6,000 for a multiple sclerosis drug that’s available for about $30 at retail pharmacies such as Rite Aid, according to a copy of the lawsuit reviewed by Bloomberg News. The language of the complaint couldn’t be immediately confirmed in court records. The plaintiffs include one current and two former employees of the bank.