Blue Cross Blue Shield settles antitrust lawsuit for $2.7B; members can file claims

FARGO - The Blue Cross Blue Shield Association and its affiliated companies have agreed to a $2.67 billion settlement in a class-action lawsuit that alleged the health insurer engaged in anti-competitive practices that hurt consumers.

The association and Blue Cross Blue Shield of North Dakota reject the claims in the lawsuit, but agreed to the settlement, which calls for some operating changes and payment to members of the class.

"Settling now is the right action at the right time because it allows us to remain focused on the goal we have had for more than 80 years - improving access to quality health care for all Americans and the health of our local communities," Blue Cross Blue Shield of North Dakota spokeswoman Andrea Dineen said in a press statement.

https://www.inforum.com/newsmd/7006804-Blue-Cross-Blue-Shield-settles-antitrust-lawsuit-for-2.7B-members-can-file-claims