JPMorgan Employee Lawsuit Says Bank Mismanaged Health Plan (1)

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 ...