Blue Cross Blue Shield to Distribute $1.9 Billion in Settlement Payments

Approximately six million claimants will receive checks after a class-action lawsuit alleging antitrust violations was settled.

The $2.67 billion settlement stems from allegations that Blue Cross Blue Shield limited competition in the health insurance market, violating antitrust laws.
After attorney fees and administrative costs, $1.9 billion will be distributed to eligible claimants who filed by the November 2021 deadline.
Subscribers covered by certain BCBS plans between February 2008 and October 2020 may qualify for payments, with an average payout of $333.
Claim determination notices are being sent via email and postcard on a rolling basis, but no specific timeline for all notices has been provided.
The settlement also includes operational changes by BCBS, though the company denies any wrongdoing and settled to avoid further litigation costs.