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Blue Cross Blue Shield to begin paying $2.6B after class-action lawsuit: Are you eligible?
The $2.67 billion settlement addresses alleged antitrust violations by Blue Cross Blue Shield, with $1.78 billion allocated to individuals and insured groups, claims deadline passed.
- On reaching a 2020 settlement, Blue Cross Blue Shield agreed to pay $2.67 billion, with initial distributions set to begin in May 2026.
- Plaintiffs argued Blue Cross Blue Shield violated antitrust laws by limiting competition among individual health plans, and the settlement requires business changes `that Plaintiffs believe will increase the opportunities for competition in the market for health insurance`, according to settlement websites.
- The settlement divides the money, allocating $2.67 billion for individuals, insured groups, and employees, with claimants required to file by Nov. 5, 2021.
- Eligible recipients include anyone covered under Blue Cross Blue Shield health insurance or administrative services plans between February 2008 and October 2020, and letters and emails are notifying potential claimants nationwide.
- Blue Cross Blue Shield has said it denies any allegations of wrongdoing as the settlement resolves the antitrust lawsuit fought nearly six years ago.
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Total News Sources18
Leaning Left1Leaning Right0Center17Last UpdatedBias Distribution94% Center
Bias Distribution
- 94% of the sources are Center
94% Center
C 94%
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