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$2.67B Blue Cross Blue Shield settlement to finally start payouts soon – here's how to know if you're eligible

New York Post·Taylor Herzlich·about 1 month ago
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Blue Cross Blue Shield will soon start sending payments to millions of Americans from its $2.67 billion fund in what is one of the largest antitrust settlements in the US healthcare industry. Eligible customers who previously used Blue Cross Blue Shield for their health insurance should start receiving payments next month, according to the settlement website. The 2013 antitrust lawsuit alleged BCBS companies made backdoor deals not to compete with each other to limit competition and drive up insurance costs.  Blue Cross Blue Shield will soon start sending settlement payments to millions of Americans. AP The insurance giant has denied all allegations of wrongdoing. In 2020, a federal judge in Alabama approved the massive settlement fund, which includes $1.9 billion after legal fees and expenses for subscribers in the settlement class. Individual payment amounts will vary based on the type of coverage and the premiums paid by customers. About 6 million claims have been submitted nationwide.…

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