- Blue Cross Blue Shield will distribute $2.67 billion to approximately $6 million subscribers following the 2013 anti-trust lawsuit.
- The lawsuit allegedly agreed that BC/BS's plans would not compete with each other, thereby limiting competition.
- Each claimant can expect to receive approximately $333 after the legal fees of $667 million are deducted from the settlement.
Two and a half years after Blue Cross Blue Shield reached a $2.67 billion settlement with subscribers, the fund is expected to ultimately be distributed to around 6 million people.
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an Reconciliation website updates “The billing decision notification is sent via email on a rolling basis,” he said. My own check of the claims showed that it is currently “in review.”
No date was given for all notifications to be sent.
The settlement concluded a lawsuit that began in 2013 when the class action antitrust was filed against more than 35 Blue Cross Blue Shield health insurance plans, including Highmark.
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The Blue Cross Blue Shield Association is a national group of independent, community-based, locally operated health insurance companies. Each insurance company has its own territory. Highmark's service areas, for example, include Pennsylvania, West Virginia, Delaware, Ohio and parts of New York.
Why was the lawsuit filed against the Blue Cross Blue Shield Plan?
The lawsuit alleges that BC/BS's plans illegally signed contracts to not compete with each other and to limit their own competition.
The planned distribution comes after the US Supreme Court refuses to appeal from David Behanna, a member of the settlement class.
Home Depot's lawyers also filed a challenge to the settlement, informing them that the terms were too swept away, and that future private parties would undermine their ability to sue Blue Cross Blue Shield for violations of competition law, Reuters reported. .
According to the settlement website, the Supreme Court denial resolved all appeals.
How much money can I receive from the settlement?
Approximately 6 million people, including much of Northwest Pennsylvania, filed their claims by the November 2021 deadline. As a result, they can expect to receive around $333 per bill.
This is not the only large settlement that Blue Cross Blue Shield has reached in recent months. It also agrees to pay $2.8 billion to providers, including the healthcare system and physicians.
The provider alleged in a 2012 lesson lawsuit filed in 2012, the Blue Cross Blue Shield plan conspired not to compete with each other to manage the amount they paid to hospitals and doctors for their services. It was there.
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