Blue Cross Blue Shield agrees to pay nearly $3 billion in antitrust settlement
By KAALTV
October 17, 2024 - 10:51 PM
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Blue Cross Blue Shield settlement
The latest local, regional and national news events of the day are presented by the ABC 6 News Team, along with updated sports, weather and traffic.
(ABC 6 News) — Blue Cross Blue Shield insurers agreed to pay nearly $3 billion in an antitrust settlement.
Court documents filed in Alabama allege that health providers were underpaid for reimbursements. They say Blue Cross violated antitrust laws by entering into non-compete agreements with other members in selling health insurance.
The agreement still needs to be approved.
It would be the largest settlement in a health care antitrust case. Despite the agreement, Blue Cross has denied any wrongdoing.
