Document Type
Article
Publication Date
6-2009
Journal Title
Wisconsin Law Review
ISSN
0043-650X
Abstract
Notwithstanding the fact that ERISA was enacted to protect employee benefits, courts have narrowly construed the relief available when benefits are denied, out of concern that a stronger remedy would be too costly for the system to bear. Judges, I argue, are ill-equipped to make this policy judgment. Instead, a regulated, subsidized, paternalistic market should be created to permit the benefit players themselves to choose and price the strength of the remedy they desire. This is a superior means to reach the right level of remedial strength for the most players. To protect against undesirably weak remedial options being selected, I propose the market should have a highly protective default remedial option, clear disclosure rules, subsidies, and a regulatory floor.
First Page
658
Last Page
692
Num Pages
36
Volume Number
2009
Issue Number
3
Publisher
University of Wisconsin Law School
Recommended Citation
Brendan S. Maher,
Creating a Paternalistic Market for Legal Rules Affecting the Benefit Promise,
2009
Wis. L. Rev.
658
(2009).
Available at:
https://scholarship.law.tamu.edu/facscholar/1417