STATEN ISLAND, N.Y. — If you or your loved one had health insurance through Blue Cross Blue Shield, you could be getting money.
A judge approved a settlement figure amounting to $2.67 billion after the company was sued in an antitrust class action lawsuit from October 2020.
Of that figure, $1.9 billion will go to the complainants who filed claims against Blue Cross Blue Shield. The other $700 million will be given to the attorneys who represented the class.
The lawsuit’s representatives accused the company of violating “antitrust laws by agreeing not to compete with each other and to limit competition between them in the sale of health insurance and health insurance administration services,” according to NBC New York.
The company denied the accusation.
A judge has not ruled “who is right or wrong,” NBC reported, but instead of moving into additional litigation, the case was settled.
The settlement is divvied into two categories: damages and injunctive.
In order to have qualified for reimbursement from the settlement, you must have been insured by Blue Cross Blue Shield anywhere from February 2008 to October 2020.
If you filed a claim against Blue Cross Blue Shield prior to Nov. 5, 2021, you will receive some sort of payment from the $1.9 billion, though there is no timeline on when payments will be delivered.
To find out more about the settlement, you can explored the lawsuit, filed in Alabama, under the following name: “Blue Cross Blue Shield Antitrust Litigation MDL 2406, N.D. Ala. Master File No. 2:13-cv-20000-RDP.”