Blue Cross Blue Shield customers could be paid in $2.67B class action lawsuit settlement | Top Stories
(WAND) – A class action lawsuit settlement against Blue Cross Blue Shield may mean some customers are eligible for payment.
The lawsuit that led to that settlement accused the Blue Cross Blue Shield Association and Settling Individual Blue Plans of violating antitrust laws by “entering into an agreement not to compete and compete with each other in the sale of health insurance products. and administrative services for restrict. ” Health Insurance “on the official billing website. The defendants denied wrongdoing, saying their actions have resulted in fewer health professionals and better access to care for customers.
The defendants and plaintiffs in the lawsuit have reached an agreement to avoid the “risk and cost” of further litigation.
According to the website, the settlement would create a $ 2.67 billion settlement fund if approved by a judge. The site said the defendants agreed to make changes in business practices that plaintiffs believe will “increase the competitive edge in the health insurance market.”
There are two billing classes, including a damage class and an omission class. Potential Eligible Individuals include those covered by some Blue Cross Blue Shield health insurance or administrative plans between February 2008 and October 2020.
Click here For more information on eligibility or for more information on the settlement. The link also contains information on how authorized persons can make a claim.