Blue Cross Blue Shield starts $2.67bn antitrust settlement payouts
Updated
Updated · KCRG · May 7
Blue Cross Blue Shield starts $2.67bn antitrust settlement payouts
13 articles · Updated · KCRG · May 7
Initial distributions begin this month after claim notices were mailed, with roughly 6 million timely claims expected to receive about $333 each.
The 2013 class action accused more than 35 Blue Cross Blue Shield plans of restricting competition, raising premiums and limiting customer choice.
Blue Cross Blue Shield denied wrongdoing, and no final court verdict was reached, but the case was settled in 2020 for eligible customers who filed by November 2021.
After a $2.67B payout, will mandated changes to Blue Cross actually reduce your insurance premiums?
BCBS is paying billions for overcharging while also losing billions. Is the American health insurance model fundamentally broken?