Why is Blue Cross Blue Shield being sued?
Asked by: Preston Roob | Last update: March 12, 2025Score: 4.8/5 (46 votes)
What is going on with the Blue Cross Blue Shield lawsuit?
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 much is the payout for the Blue Cross Blue Shield lawsuit?
If you or your business provided health care services, equipment or supplies to Blues Plan enrollees, including Anthem Blue Cross, Blue Shield of California or out-of-state Blue Card patients, anytime from July 24, 2008, to October 4, 2024, you may be eligible to submit a claim for your share of the $2.8 billion ...
What is the BCBS settlement all about?
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 did Blue Cross Blue Shield do?
Blue Cross and Blue Shield plans across the country were created with the intention of providing affordable health care coverage in the nonprofit context with a community focus. The plans were established to fill significant holes in the health care system.
How you can get money from the Blue Cross Blue Shield Settlement
Who owns Blue Cross Blue Shield insurance?
The Association owns and manages Blue Cross and Blue Shield trademarked plans in over 170 countries and grants licenses to independent companies to use the names in exclusive geographic areas. BCBSA companies provide health insurance to over 115 million people in the United States.
What's the difference between Blue Shield and 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.
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 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.
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 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. ...
Does insurance pay for lawsuit?
Some Insurance Policies Cover Civil Claims. In many cases, the personal liability portion of your insurance policy can help provide financial support for your legal defense in a civil claim, regardless of the outcome of the suit. This includes homeowners' insurance, auto insurance, condo insurance, and more.
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.
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 the Blue Cross of Idaho lawsuit?
Blue Cross of Idaho appealed an Idaho judge's dismissal of its lawsuit that alleged the state of Idaho used an unlawful contracting process to switch government employee health insurers. In September, Idaho 4th District Judge Joseph Borton ruled Blue Cross didn't have standing in its lawsuit.
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.
Can you really get money from a class action lawsuit?
If your class action lawsuit is successful, you will receive a portion of the settlement or court award. Plaintiffs are paid by a lump-sum payment or a structured settlement. Smaller payouts are usually dispersed as a single payment.
How long do most settlements take?
How long do most personal injury cases take to settle? The duration of most personal injury cases to settle varies widely, typically ranging from a few months to several years, depending on factors such as the complexity of the case, the severity of injuries, and the negotiation process with insurance companies.
Why did BCBS get sued?
The lawsuit, filed on January 8, 2013, alleged antitrust violations by Blue Cross and Blue Shield (“BCBS”), including accusations that the BCBS companies entered into agreements not to compete with each other by allocating specific geographic markets that each sold insurance in.
What happened to Blue Cross Blue Shield?
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 years does the BCBS settlement cover?
If you're a medical doctor licensed after 2009 — and you provided in- or out-of-network services to patients with commercial Blue Cross Blue Shield (BCBS) coverage between July 2008 and October 2024 — you may have an opportunity to join the largest antitrust settlement in the history of the United States healthcare ...
Is Blue Shield PPO or HMO better?
HMO plans are generally less expensive than PPO plans, with lower monthly payments, making them ideal if your favorite doctors are already in the network, or if you receive most of your care close to home.
Why is Blue Cross Blue Shield so good?
In every ZIP Code, Blue Cross and Blue Shield companies offer a personalized approach to health care based on the needs of the communities where their members live and work. They work closely with hospitals and doctors in the communities they serve to provide quality, affordable health care.