What is going on with Blue Cross Blue Shield settlement?
Asked by: Sarina Brekke | Last update: April 19, 2025Score: 4.5/5 (1 votes)
What happened to the Blue Cross Blue Shield lawsuit settlement?
Resolving a 12-year anti-trust lawsuit, Blue Cross Blue Shield (BCBS) has agreed to a settlement amount of $2.8 billion, the largest ever for a health care anti-trust case.
What is the expected payout for the BCBS settlement?
The Net Settlement Fund is estimated to be approximately $1.9 billion. This is after deducting attorneys' fees, administration expenses and other costs from the $2.67 billion Settlement Fund.
How long will the BCBS settlement be in review?
Settlement Status
The Court granted final approval to the Settlement on August 9, 2022. On January 26, 2024, the Eleventh Circuit Court of Appeals denied an appeal of their October 25, 2023 decision affirming approval of the Settlement Agreement.
What settlements are going on right now?
- $150M Chevy Bolt battery defect class action settlement. Settlement. ...
- $2.5M Professional Finance Co. data breach class action settlement. ...
- $1.6M Nonstop Administration and Insurance Services data breach class action settlement. Settlement. ...
- Subaru windshield defect class action settlement.
Blue Cross Blue Shield settlement - legit or scam? Why you received notice? What's official website?
How do I check the status of my BCBS settlement?
If you have questions about the settlement, including whether you may be a member of the class and eligible for a payment, please use one of three resources to find out more: The settlement website is www.bcbssettlement.com. The toll-free settlement hotline is 1-888-681-1142. The email address is info@BCBSsettlement. ...
How to find out settlement amount?
A standard formula for calculating an injury settlement includes multiplying the amount of your pain and suffering by your medical expenses and lost income. For calculating pain and suffering, a typical multiplier ranges between 1.5 and 5 and includes emotional distress and inconvenience.
How soon will I get my settlement check?
Injured victims usually have to wait 30 to 60 days to receive their settlement check. This is mostly due to factors like the defendant's insurance policy, the type of personal injury case, and more. The fastest way to receive your check is to have an attorney handle the process for you.
How many people filed claims for the BCBS settlement?
As part of the settlement, the plans deny all allegations of wrongdoing. About six million people, including many in northwestern Pennsylvania, filed claims by the November 2021 deadline.
How to check BCBS claim status?
Use our interactive tool to find your local Blue Cross and Blue Shield company's website and access your account. On their website, you'll be able to look up your health plan, review a claim and more. Enter the first three letters of the Identification Number from your member ID card.
What is a good settlement offer?
A reasonable settlement offer is one that includes medical expenses, lost wages, pain and suffering, and property damage. While it varies from case to case, an experienced personal injury lawyers can help you find a reasonable amount for your case.
How much are class action settlement checks?
If you have a case where 30 to 50 million people are involved and the settlement amount is $10 million, lawyers will take a big chunk. The class action settlement checks mailed might be as little as just $. 25 or a few dollars after what's left of the settlement has been split up among each class member.
What happened to Blue Cross Blue Shield?
Court issues preliminary approval of $2.8 billion Blue Cross Blue Shield provider settlement. A $2.8 billion settlement from Blue Cross Blue Shield to health care providers resolving a 12-year antitrust lawsuit received preliminary approval yesterday from the U.S. District Court for the Northern District of Alabama.
What is the estimated payout for the Blue Cross Blue Shield settlement?
In the lawsuit, In re: Blue Cross Blue Shield Antitrust Litigation (MDL No. 2406), it was alleged BCBS violated antitrust laws by limiting competition and fixing prices. To resolve this, BCBS agreed to a $2.8 billion settlement fund to avoid the risk and cost of further litigation.
What does it mean when your settlement is in review?
Settlement Claim Review means the process by which SSA determines, among other things, whether a person is a Class Member, the person has not excluded himself or herself from the Class and this Settlement Agreement pursuant to the opt-out procedures provided by this Settlement Agreement, and whether and to what extent ...
How do I find my class action settlement?
You can also look up class action lawsuits and settlements on the sites ClassAction.org or Consumer-Action.org.
What happened with the Blue Cross Blue Shield settlement?
Blue Cross denied wrongdoing but agreed to the settlement in 2020 to resolve claims that it overcharged commercial and individual subscribers. U.S. District Judge R. David Proctor in Birmingham approved the settlement and fee award, and the U.S. Supreme Court finally pushed aside lingering objections in June.
How many people are involved in a class action lawsuit?
Some class sizes can reach millions. While there is no exact number needed for a class action lawsuit, it is difficult to form a class to receive certification with less than 20 members. A class with at least a few dozen members is preferred and will likely be certified and move forward.
Does Blue Cross cover anesthesia?
The spokesperson added, "To be clear, it never was and never will be the policy of Anthem Blue Cross Blue Shield to not pay for medically necessary anesthesia services. The proposed update to the policy was only designed to clarify the appropriateness of anesthesia consistent with well-established clinical guidelines.”
Should I cash a settlement check?
If you have received a check from your insurance company, consider consulting a lawyer before cashing it. An attorney can assist in evaluating the settlement check and determine whether it reflects a full and fair compensation per the sustained damage.
Can you track a settlement check?
Now that all legal fees, related costs, and debts are cleared, your settlement check is mailed to you for the remaining amount. It's advisable to ask your attorney if they can provide you with a tracking number so that you can track your settlement check online, as it moves through the mail system.
How is settlement money divided?
After the presiding judge reviews the settlement offer in a class-action lawsuit and determines that it is fair and adequate compensation, the settlement amount is divided. Depending on their participation in the class action lawsuit, the lead plaintiff receives their percentage first.
Why haven't I got my settlement check?
All parties that receive money from a settlement check must submit documents that verify they have received compensation. You do not receive a settlement check until you take care of every lien placed on your settlement check. Another possible delay concerns the settlement check you receive from an insurance company.
What injuries pay the most?
The highest-paying car accident injuries often involve severe conditions like spinal cord injuries, traumatic brain injuries, and multiple fractures. These injuries require extensive medical treatment, leading to substantial medical bills and significant pain and suffering damages.
Are settlements taxable?
The general rule regarding taxability of amounts received from settlement of lawsuits and other legal remedies is Internal Revenue Code (IRC) Section 61. This section states all income is taxable from whatever source derived, unless exempted by another section of the code.