Blue Cross Blue Shield Begins $2.67 Billion Settlement Payouts to Customers
Blue Cross Blue Shield has initiated the distribution of settlement payments from a $2.67 billion class action lawsuit. The lawsuit, filed in 2013, accused the company of violating antitrust laws by limiting market competition, which allegedly led to increased premiums and reduced options for customers. The settlement was reached in 2020, and eligible customers who filed claims by the November 5, 2021 deadline are now receiving payments. Approximately 6 million claims were filed, with each payment expected to be around $333. Although Blue Cross Blue Shield denied the allegations, the settlement was agreed upon without a final court verdict. 
