Blue Cross Blue Shield has agreed to a settlement for violating antitrust laws. Affected health care providers can now file claims.
A $2.8 billion settlement has been reached in the Blue Cross Blue Shield Association antitrust lawsuit, and eligible individuals and health care providers can now file claims for a share of the payout. The agreement, stemming from allegations that BCBSA restricted competition and drove up costs for policyholders, aims to compensate those impacted between 2008 and 2020.Newsweek reached out to the Blue Cross Blue Shield Association by email on Tuesday.
As a result, no further claims can be submitted under the subscriber portion of the settlement, and payouts to approved claimants have either been issued or are in process.BCBS Provider SettlementThe BCBS provider settlement applies to health care providers who filed claims regarding reimbursement disputes with BCBS. This separate settlement is still open for eligible parties to file claims.
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