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Insurer Blue Cross Blue Shield agrees to $2.8bn antitrust settlement (www.theguardian.com)

submitted 1 month ago by MicroWave to c/health

4 comments fedilink hide all child comments

Hospitals, doctors and other health providers claimed the insurer underpaid them and increased cost of insurance nationwide

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”.

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[–] damnthefilibuster 8 points 1 month ago (1 children)

Drop in the bucket for them? Can someone like their CEO or the entire board please go to jail for this?

[–] gdog05 6 points 1 month ago (1 children)

Yeah this is a cost of doing business tax for them. Nothing to prevent it from occurring constantly. And glad the health services got their cut. Now how about the millions who have been overpaying for insurance?

[–] AstridWipenaugh 2 points 1 month ago

And they'll raise premiums to make it up.

[–] kitnaht 6 points 1 month ago

"Sorry guys, we'll try harder not to get caught next time"