$2.67 billion
Moreover, is there a class action lawsuit against Blue Cross and Blue Shield?
A recent Blue Cross Blue Shield antitrust lawsuit resulted in a proposed settlement of $2.67 billion dollars. The final hearing on the settlement will be held on October 20, 2021. Multiple different damages classes including fully insured and self-funded plans are eligible to receive payment under the settlement.
Herein, what is going on with the Blue Cross Blue Shield settlement? The proposed settlement resolves claims that Blue Cross Blue Shield companies conspired to limit competition, in turn boosting costs for policyholders. … If that happens, a $2.67 billion settlement fund will be established. Some of that money will go to BCBS subscribers, much of it will go to attorneys.