Blue Cross Blue Shield Settlement Payments Are Coming. How Much?
About 6 million claims will determine how the $2.67 billion settlement is divided after legal fees and costs, administrators said.
- Millions of Americans who filed claims in the $2.67 billion Blue Cross Blue Shield antitrust settlement will begin receiving payments this month as the fund officially enters its payout phase.
- A 2013 class-action lawsuit alleged BCBS violated antitrust laws by limiting market competition through geographic divisions, which plaintiffs claimed artificially inflated premiums and reduced consumer health insurance choices.
- Although the original settlement totaled $2.67 billion, legal fees and administrative costs reduced the available pool to roughly $1.9 billion, with payouts expected to average between $300 and $333 per claim.
- About 6 million claimants who submitted valid applications by the November 5, 2021, deadline are eligible for payment, with distributions arriving via direct deposit or mailed cheques based on selected method.
- BCBS has denied all allegations of wrongdoing, but the settlement concludes years of litigation with the company committed to making operational changes while continuing to serve its members.
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Minnesotans can expect checks soon from 2020 Blue Cross settlement
Thousands of Minnesotans who filed claims in a class-action lawsuit against Blue Cross Blue Shield can expect checks of around $300 soon. The multistate collection of health insurers under the Blue Cross umbrella started sending payment notices on schedule this…
Blue Cross Blue Shield Payouts Begin from $2.67 Billion Settlement
STATEWIDE — Blue Cross Blue Shield has started sending out settlement payments from a $2.67 billion class action lawsuit filed in 2013. The lawsuit against more than 35 Blue Cross Blue Shield plans claimed that the company violated antitrust laws by limiting market competition, resulting in increased premiums and reduced options for customers. Indiana residents who were covered by a BCBS plan between February 2008 and October 2020 and filed a cl…
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