Blue Cross Blue Shield to Distribute $2.6 Billion Settlement Checks
#BlueCrossBlueShield #SettlementChecksBlue Cross Blue Shield is sending out settlement checks worth $2.6 billion to eligible subscribers following a class-action antitrust lawsuit, with payments sent on a rolling basis. The lawsuit alleged antitrust law violations, which the company denies. read more
Blue Cross Blue Shield Agrees to $2.8B Settlement
#BlueCrossBlueShield #AntitrustSettlementUS insurer Blue Cross Blue Shield agrees to a $2.8bn antitrust settlement to resolve claims of underpayment to healthcare providers, leading to increased insurance costs. The agreement awaits approval from a US district judge, impacting providers and patients from July 2008 to October 2024. read more
Louisiana Jury Awards $421 Million to Surgery Center Against BCBS
#BlueCrossBlueShield #medicalinsuranceA Louisiana civil court jury orders Blue Cross Blue Shield to pay $421m for underpaying claims to a surgery center, sparking legal battles as the insurer seeks to reduce the award. The hospital founder praises the verdict as a win against corporate insurance bullying. read more