Ameriprise Financial

The Takeaway: Seniors Get Unwanted Surgeries; Employees Sue Over 401(k) Losses

Posted on 10/7/2011 by | Brooklyn, NY | Comments

Bulletin TodayA new study published in the British medical journal Lancet says a host of factors, such as Medicare reimbursement, location and the availability of hospital beds, weigh more heavily on a doctor’s decision to operate than a patient’s needs, wants or whether surgery will improve their quality of life. And a growing number of 401(k) plan participants are bringing lawsuits against their employers (who administer the plans) for allowing poorly-performing and/or overly-expensive funds into their retirement portfolios.