What is the BCBS settlement all about?

Asked by: Waylon Bode V  |  Last update: March 9, 2025
Score: 4.2/5 (55 votes)

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 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.

What is the Blue Cross Blue Shield lawsuit about?

The lawsuit alleged a range of antitrust violations by BCBS, including price fixing and allocating markets using exclusive service areas.

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 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.

What is the BCBS antitrust settlement?

29 related questions found

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.

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.

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.

What settlements are going on right now?

Open Class Action Settlements
  • $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.

How long does it take BCBS to pay a claim?

Around 99 percent of all claims BlueCross receives are processed within 30 days. It's important to note that these are not arbitrary decisions. We compare the service you requested or received against these criteria: the details of your health plan, which you can find in your “evidence of coverage”

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 ...

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.

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 to 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.

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.

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 much will each person get from Equifax settlement?

"Settlement Benefit: Payment for Unreimbursed Out-of-Pocket Losses: If you spent money to deal with fraud or identity theft that was fairly traceable to the Data Breach, or to protect yourself from future harm, then you can submit a claim for reimbursement up to $20,000 (including your claim for Time Spent).

How much is the Walmart settlement check?

A customer scans a package of meat at a self-checkout kiosk at a Walmart store in Burbank, California. If you purchased certain groceries from Walmart in recent years, you may be eligible for up to $500 in cash as part of a settlement in a class action lawsuit but you have to act soon.

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.

How do I know if my insurance claim was approved?

The payer will typically assign the finalized status of this claim within 7-10 business days. If the claim is Accepted, there won't be further action required from you. If the claim is Rejected, the payer will let you know why so you can make corrections and resubmit.

Why was my Blue Cross claim denied?

Your claim may be denied if: There was an error when the claim was filed, such as missing or incomplete information in the claim documents. Your plan does not cover the service you're claiming. The service was deemed not medically necessary.

Is blue shield the same as blue cross?

Blue Cross and Blue Shield developed separately, with Blue Cross providing coverage for hospital services and Blue Shield covering physicians' services. Blue Cross is a name used by an association of health insurance plans throughout the United States.