Dossier
Employee Retirement Income Security Act
Coverage of Employee Retirement Income Security Act in the Nexus archive.
- Employees sue medical giant over excessive healthcare costs
Abbott Laboratories employees filed a class action lawsuit alleging the company offered two health insurance plans with identical coverage but significantly higher costs for the Traditional PPO option. The lawsuit claims Abbott violated the Employee Retirement Income Security Act by failing to meet its duty of prudence and objectivity in selecting health plans, as the more expensive option consistently imposed greater costs on employees without providing additional benefits.