Blue Cross Blue Shield payout starts soon in $2.67 billion healthcare settlement. Will you get a check?
Fast Company
Nearly $2 billion in payouts will begin this month to claimants in a 14-year-old class action lawsuit against Blue Cross Blue Shield.Summary
Blue Cross Blue Shield is set to begin issuing nearly $2 billion in payouts to claimants in a long-running class action lawsuit. The payments are expected to begin this month and could see individuals receiving checks worth hundreds of dollars. The settlement is the culmination of a nearly 14-year legal battle between Blue Cross Blue Shield and its subscribers. The lawsuit alleged that the company engaged in anti-competitive practices that led to higher health insurance premiums. Specifically, subscribers alleged that Blue Cross Blue Shield got BCBS insurers to agree not to offer their services in overlapping jurisdictions, limiting competition.
(Source：Fast Company)