Blue Cross Blue Shield Settles US Health Provider Class Action for $2.8 Billion (Medscape)

Blue Cross Blue Shield has agreed to a $2.8 billion settlement to resolve antitrust claims from hospitals and healthcare providers, marking the largest healthcare antitrust settlement to date. The lawsuit, filed in 2012, accused Blue Cross of dividing territories to limit competition, inflating insurance costs, and underpaying providers. In addition to the monetary settlement, Blue Cross will implement operational changes, including a new information platform for claims transparency and increased contracting opportunities for providers. The deal, subject to court approval, follows a similar $2.7 billion settlement with subscribers in 2020, which the U.S. Supreme Court upheld earlier this year.