Blue Cross Blue Shield to pay $2.67 billion settlement. Who will see a check?
WSFA • • business
Key Points:
- Blue Cross Blue Shield has begun distributing settlement payments from a $2.67 billion class action lawsuit alleging antitrust violations by limiting market competition.
- The lawsuit, filed in 2013 against over 35 Blue Cross Blue Shield plans, claimed these practices led to higher premiums and fewer options for customers.
- Approximately 6 million claims were filed by the November 5, 2021 deadline, with payments expected to average around $333 per claim.
- Although Blue Cross Blue Shield denied the allegations and no final court verdict was reached, the case was settled in 2020.
- Claim notices have been mailed, and the initial payment distribution started this month.
