Plaintiffs claim that Settling Defendants violated antitrust laws by entering into an agreement not to compete with each other in selling health insurance and administration of Commercial Health Benefit Products in the United States and Puerto Rico, as well as agreeing to other means of limiting competition in the market for health insurance and administration of Commercial Health Benefit Products.
The settlement includes net proceeds (after covering legal and administrative fees) of approximately $1.78 billion for eligible fully insured plans, and approximately $120 million for self-funded groups.
Eligible Individuals, Insured Groups and Self-Funded Groups will also benefit from changes by the Settling Defendants to make their practices more competitive.
Individuals, Insured Groups (including both employers and other groups), and Self-Funded Accounts (including both employers and other groups), that purchased, were covered by, or were enrolled in a Blue Branded Commercial Health Benefit Product sold, underwritten, insured, administered or issued by a Settling Individual Blue Cross Blue Shield Member Plan during one of the two relevant Class Periods. Government accounts, dependents, beneficiaries (including minors) and non-employees are not included in the settlement class.
February 7, 2008 through October 16, 2020: Fully Insured Groups
September 1, 2015 through October 16, 2020: Self-Funded Accounts
Blue Cross Blue Shield Association (BCBSA)
Settling Individual Blue Cross Blue Shield Member Plans
$2.67 Billion ($1.78 Billion Fully-Insured and $120 Million Self-Funded)
Filing Deadline: November 5, 2021
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Settlement Recovery Group, LLC (“SRG”) is not the official claims administrator, class counsel or any party in the case. SRG is a third party claims filing service that can be hired to file and track claims. We specialize in helping companies and small businesses file claims to obtain their fair share of settlement money from class action lawsuits once a settlement has been reached. Our services are voluntary and are not required to file a claim; claimants may file a no-cost claim on their own. This summary is for informational purposes only and is based on SRG’s review of publicly available case documents. Official information can be found on the case website and on the court docket. This summary is not and should not be construed as legal, tax, or other professional advice.