Is there a class action lawsuit against Blue Cross and Blue Shield?

A recent Blue Cross Blue Shield antitrust lawsuit resulted in a proposed settlement of $2.67 billion dollars. The final hearing on the settlement will be held on October 20, 2021. Multiple different damages classes including fully insured and self-funded plans are eligible to receive payment under the settlement.

Is there a Blue Cross Blue Shield settlement 2020?

In October 2020, Blue Cross Blue Shield reached a $2.67 billion settlement in a class-action antitrust lawsuit. A judge has not given final approval to the settlement. Blue Cross reached the settlement on Oct. 16, 2020, with the Blue Cross Blue Shield Association (“BCBSA”) and settling individual blue plans.

How much is the Blue Cross settlement?

BUFFALO, N.Y. (WKBW) — If you have ever had Blue Cross Blue Shield (BCBS) health insurance since 2008, you probably recently received a notice in the mail or by email that you are a part of a $2.67 billion settlement that may affect your rights. Yes, it’s real.

Is a class action lawsuit worth it?

In general, yes – class action lawsuits are worth it. For Class Members who are able to recover benefits from a class action settlement, all it takes is filling out a claim form and potentially providing documentation. This can allow them to recover up to thousands of dollars in compensation.

Is Blue Cross settlement legit?

IS THE BLUE CROSS SETTLEMENT REAL? Yes, the Blue Cross Blue Shield Settlement is legit, and some involved may have even received postcards in the mail notifying them of the lawsuit.

What was the Blue Cross Blue Shield lawsuit about?

The lawsuit alleged that insurance companies in the Blue Cross Blue Shield Association (“BCBSA”) entered into agreements not to compete with each other for business, in violation of federal antitrust laws.

Who is eligible for Blue Cross Blue Shield class action?

Self-funded accounts are those in which the insured uses the Blue Cross Blue Shield provider network, but the group policy holder, such as an employer or organization, pays the claims. Dependents, beneficiaries, and non-employees are not eligible Class Members.

When does the Blue Cross Blue Shield settlement end?

Government accounts are excluded from the Class. The Settlement Class Period for Individuals and Insured Groups is from February 7, 2008, through October 16, 2020. The Settlement Class Period for Self-Funded Accounts is from September 1, 2015 through October 16, 2020.

Who is the judge for Blue Cross Blue Shield?

This class action is called In re: Blue Cross Blue Shield Antitrust Litigation MDL 2406, N.D. Ala., Master File No. 2:13-cv-20000-RDP and is pending in the United States District Court for the Northern District of Alabama Southern Division. U.S. District Court Judge R. David Proctor is overseeing this class action.