Blue Cross Blue Shield $2.6B settlement: Are you eligible for funds?
A $2.67 billion settlement has been approved for a class action lawsuit against Blue Cross Blue Shield, potentially providing funds to those insured between 2008 and 2020.Summary
A judge has approved a $2.67 billion settlement in an antitrust class action lawsuit against Blue Cross Blue Shield, originally filed in October 2020. The lawsuit accused the company of violating antitrust laws by limiting competition in the health insurance market, allegations the company denied. Instead of a ruling on the merits of the case, a settlement was reached, with $1.9 billion allocated to claimants and $700 million to attorneys. Individuals who were insured by Blue Cross Blue Shield between February 2008 and October 2020, and who filed a claim prior to November 5, 2021, are eligible for a portion of the $1.9 billion. While the settlement has been approved, a specific timeline for payment distribution has not yet been announced. Further details about the case, officially titled “Blue Cross Blue Shield Antitrust Litigation MDL 2406,” can be found in Alabama court records.
(Source：Staten Island Advance)