Blue Cross Blue Shield to distribute $2.67B to 6M people in antitrust lawsuit settlement.

Blue Cross Blue Shield will distribute $2.67 billion to about 6 million people as part of a settlement from a class-action lawsuit. The suit alleged that over 35 BCBS health insurance plans violated antitrust laws by not competing with each other, limiting competition in the health insurance market. Defendants deny wrongdoing. Claimants can expect average payments of $333 after fees and costs. Notifications are being sent via email on a rolling basis.

6 weeks ago
10 Articles