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.
Subsequently, are federal employees eligible for BCBS settlement?
Government Accounts (states, counties, municipalities, unincorporated associations performing municipal functions, Native American tribes, or the federal government) are excluded from the Settlement.
Simply so, how much will I get from Blue Cross Blue Shield class action lawsuit?
Is there a Blue Cross Blue Shield settlement 2020?
Class Representatives (“Plaintiffs”) reached a Settlement on October 16, 2020 with the Blue Cross Blue Shield Association (“BCBSA”) and Settling Individual Blue Plans. … If approved by the Court, the Settlement will establish a $2.67 billion Settlement Fund.
What are antitrust suits?
Antitrust lawsuits are a type of class-action lawsuit which is filed by individuals, organizations or agencies for claims of anticompetitive business practices which led to unfair competition, price fixing or other types of fraud.
What is the BCBS settlement for?
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.