Health insurance giant to pay $2.7billion in class action settlement… check if you are one of the six million eligible
Mail Online
Blue Cross Blue Shield will pay $2.67 billion to settle a class action lawsuit, with an estimated $1.9 billion going to customers who overpaid.Summary
Blue Cross Blue Shield has agreed to a $2.67 billion settlement to resolve a class action lawsuit filed in 2013 that accused the company of limiting competition and raising premiums. The settlement, which affects individuals and businesses with coverage between 2008 and 2020, will distribute approximately $1.9 billion to eligible claimants after attorney fees and costs are deducted. Payments are expected to average $333 per person, with the exact amount varying based on coverage type and duration. Claimants must have submitted their claims by November 5, 2021, to be eligible for the payout.
(Source：Mail Online)