Insurance Broker Named in Firing Suit Denies Hiding Drug Rebates

Health insurance consultant firm Evolution Healthcare did not breach alleged fiduciary duties to employer clients because its contracts explicitly disclose prescription drug rebate information, parent company AssuredPartners, Inc. argued in Maryland federal court.

Former employee Alan Wiederhold sued the firm for allegedly withholding information on prescription drug rebates it receives from pharmacy benefit manager CVS Caremark and firing him for sharing that information with clients in violation of the Employee Retirement Income Security Act and Maryland state law.

The case signals a new front in the legal war over hidden health costs, after the Consolidated Appropriations Act of 2021 required ...