Blue Cross Blue Shield to start $2.6 billion antitrust settlement payouts. What to know
Blue Cross Blue Shield Association is beginning to distribute payments from a $2.6 billion antitrust settlement related to allegations of restricting competition and inflating premiums between 2008 and 2020. Eligible individuals and businesses that purchased certain BCBS health insurance or administrative service plans during that period may receive payouts, with payments varying based on enrollment duration, premiums paid, and number of claims. The settlement, which did not require BCBS to admit wrongdoing, also includes business practice changes aimed at increasing market competition.
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Customers who purchased health insurance from Blue Cross Blue Shield Association may soon begin receiving payments from a $2.6 billion antitrust settlement resolving claims that the insurer restricted competition and drove up premiums. Who is eligible? Individuals and businesses that bought certain BCBS health insurance or administrative service plans between 2008 and 2020 may qualify. That includes people who bought coverage directly, through an employer, or via group plans, depending on the type of policy.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at Washington Examiner.
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