Hosted by industry expert, Michael Navin. Listen in to the latest series of Ask The Expert hosted by Michael Navin. In this brief episode, Michael delves into the growing concern surrounding prescription lawsuits and the risks employers face in managing employee health benefits. As lawsuits in the healthcare space come to light, it’s essential for employers to understand their fiduciary responsibility and the implications of working with Pharmacy Benefit Managers (PBMs) and third-party administrators. Michael walks listeners through the complexities of self-funding, PBM accountability, and how businesses can make more informed decisions to safeguard their healthcare plans. Key Topics Covered: Employer Fiduciary Responsibility & ERISA Laws The Role of Third-Party Administrators & PBMsTransparency in Prescription Drug PricingPreventative Measures for EmployersThe Path Forward for Employers & the Healthcare IndustryMichael's LinkedInRandy's LinkedInSponsored by:Peek: A game-changing prescription shopping solution that allows its members to view all their prescription cost options across cash discount programs and their insurance in one easy-to-use platform. Peek is currently being offered to organizations to help both employees and plan sponsors save money on their prescription spend. https://peekmeds.com/.Institute for Integrated Health (IIH): Health care benefits, insurance coverage regulations, and doing business in the healthcare industry can be complicated. At IIH, Dr. Randy Vogenberg and his team understand these unique challenges and provides strategic guidance customized to every client. To help overcome your unique challenges, IIH delivers education, planning and advisory on market trends, and U.S. health care market intelligence. The firm’s decades of proven success are due to strategic collaboration with associates from the business, clinical, and scientific communities. https://iih-online.com/.

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