Summary
Millions of Americans may get payments from a settlement involving Blue Cross Blue Shield, a health insurance company. This settlement comes from claims that the company violated antitrust laws by not competing in certain areas. People who had insurance with them between 2008 and 2020 could be eligible for payouts.
Key Facts
- The settlement involves $2.67 billion to resolve antitrust claims against Blue Cross Blue Shield.
- 6 million claims have been filed related to this case.
- The case alleged that the company limited competition by dividing markets among themselves.
- Blue Cross Blue Shield denies any wrongdoing but agreed to the settlement in 2020.
- The settlement class includes people with insurance from February 2008 to October 2020.
- Eligible claims had to be filed by November 5, 2021, to receive payment.
- The actual payout fund is about $1.9 billion after fees and costs are deducted.
- The amount of money each claimant receives depends on various factors, such as premiums paid.
