Is the Blue Cross Blue Shield settlement real? Yes.
THE ANSWER In October 2020, Blue Cross Blue Shield reached a $2.67 billion settlement in class-action antitrust lawsuit. A judge has not given final approval to the settlement. WHAT WE FOUND This settlement stemmed from an Alabama class-action antitrust lawsuit titled In re: Blue Cross Blue Shield Antitrust Litigation MDL 2406. Blue Cross reached the settlement on Oct. 16, 2020 with the Blue Cross Blue Shield Association (“BCBSA”) and Settling Individual Blue Plans. In the class-action suit, plaintiffs alleged that Blue Cross “violated antitrust laws by entering into an agreement not to...
Source: ksdk.com
