Chuck Darwin on Nostr: Insurer Blue Cross Blue Shield agrees to $2.8bn antitrust settlement US insurer Blue ...
Insurer Blue Cross Blue Shield agrees to $2.8bn antitrust settlement
US insurer Blue Cross Blue Shield has agreed to pay $2.8bn
to resolve antitrust class-action claims by hospital systems, physicians and other health providers
alleging they were underpaid for reimbursements, the plaintiffs said in an Alabama federal court filing recently.
The settlement is the largest ever for a healthcare antitrust case, they added.
Blue Cross Blue Shield denied the allegations in a statement but said it agreed to the settlement and to make operational changes to “put years of litigation behind us”.
The agreement is subject to approval from US district judge R David Proctor.
https://www.theguardian.com/us-news/2024/oct/19/insurer-blue-cross-blue-shield-agrees-to-28bn-antitrust-settlement?CMP=Share_iOSApp_Other
US insurer Blue Cross Blue Shield has agreed to pay $2.8bn
to resolve antitrust class-action claims by hospital systems, physicians and other health providers
alleging they were underpaid for reimbursements, the plaintiffs said in an Alabama federal court filing recently.
The settlement is the largest ever for a healthcare antitrust case, they added.
Blue Cross Blue Shield denied the allegations in a statement but said it agreed to the settlement and to make operational changes to “put years of litigation behind us”.
The agreement is subject to approval from US district judge R David Proctor.
https://www.theguardian.com/us-news/2024/oct/19/insurer-blue-cross-blue-shield-agrees-to-28bn-antitrust-settlement?CMP=Share_iOSApp_Other