Blue Cross Blue Shield Association will distribute $2.7 billion to qualifying policyholders to end an anti-trust lawsuit.
– Blue Cross Blue Shield Association (BCBSA) has nearly concluded an eight-year-long anti-trust litigation with a $2.67 billion settlement, according to court documents which the Office of the Insurance Commissioner of Washington State has made available to the public.
The case could not be completely settled until the 36 Blue Cross Blue Shield companies approved the settlement.
“The BCBSA and Blue plans have approved a settlement agreement and release, or the Subscriber Settlement Agreement, with the subscriber plaintiff,” Anthem’s third quarter report from October 28 stated. Anti Trust Litigation for $2.7B Anthem Pays 22% Anti Trust Litigation for $2.7B Anthem Pays 22%