Blue Cross Blue Shield payments from $2.67B settlement begin in May
USA Today • • business
Key Points:
- Blue Cross Blue Shield will start distributing settlement payments from a $2.67 billion class action lawsuit alleging antitrust violations that limited market competition and increased premiums, with the initial payments expected in May 2026.
- The lawsuit, filed in 2013 against more than 35 Blue Cross Blue Shield plans, was settled without a final court verdict, and the company has denied the allegations.
- Eligible claimants included individuals and insured groups who were customers between February 2008 and October 2020, and self-funded accounts from September 2015 to October 2020, with claims required to be filed by November 5, 2021.
- Approximately six million claims were filed, with estimated payouts around $333 per claim, from a $1.9 billion fund remaining after attorney fees and administrative costs were deducted from the original $2.67 billion settlement.
- The Blue Cross Blue Shield Association comprises multiple health insurance companies offering plans nationwide to individuals, families, and businesses.
