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Understanding the BCBS Class Action Settlement

After eight years of litigation, the Blue Cross Blue Shield Association companies reached an agreement on October 30, 2020, pertaining to their alleged national anti-competitive policies. The legal dispute claimed a violation of antitrust law by splitting insurance markets to avoid competition among its member companies.

A tentative settlement was reached with Blue Cross Blue Shield agreeing to pay settlement class members. This $1.9 billion settlement applies to individuals who have branded BCBS individual policies, some self-insured groups, fully insured groups and the employees of these companies. Take a closer look at the Blue Cross Blue Shield antitrust class action settlement details and the options available to employers should they decide to file claims.

Dive into this quick-hitting webinar to better understand specifics around the settlement, including:

  • how the settlement is being allocated,
  • considerations for sharing with employees,
  • determining if you should involve a third-party or “settlement” vendor when filing,
  • and the BCBS business practice changes to expect going forward.

WATCH NOW

Looking for more? Check out the latest Health Care Happenings Podcast episode, “A Conversation About the Blue Cross Blue Shield Antitrust Settlement.

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