What is Blue Cross Blue Shield Settlement about?
If approved, the settlement fund is estimated to be around $1.9 billion after attorney fees and administration costs are deducted. About $1.78 billion will be created for individuals, insured groups, and their employees and a $120 million fund will be created for self-funded accounts and their employees.
What was the outcome of the Blue Cross Blue Shield settlement?
A recent Blue Cross Blue Shield antitrust lawsuit resulted in a proposed settlement of $2.67 billion dollars. The final hearing on the settlement will be held on October 20, 2021. Multiple different damages classes including fully insured and self-funded plans are eligible to receive payment under the settlement.
Is the BCBS lawsuit legit?
Yes, it's real. But, what does that actually mean? BCBS companies sued the BCBS Association for violating antitrust laws. The association denies all claims.
What does it mean when a settlement is in review?
Settlement Review means the evaluation by the Settlement Facility, under Basic Review or Comprehensive Review, of each Unresolved Asbestos Claim or Post-Confirmation Asbestos Liability submitted to the Settlement Facility under the processes and procedures established by the CRP to determine whether a Settlement Offer ...
When can I expect my Facebook settlement check?
When will your settlement check arrive? Facebook class action update: “The Settlement Administrator began sending settlement payments to class members on May 9, 2022. It will take about two weeks to finish mailing the checks and processing the electronic payments.
Did Blue Cross have a settlement with Memorial Hermann?
Memorial Hermann hospital at the Texas Medical Center on July 24, 2019. The Memorial Hermann health system and Blue Cross Blue Shield of Texas on Friday announced that the two parties have reached a contract agreement, allowing nearly 200,000 patients to continue care at Memorial Hermann hospitals.
Is ClassAction org legit?
ClassAction.org is a group of online professionals who are committed to exposing corporate wrongdoing and giving consumers the tools they need to fight back. We've been reporting on the legal space for nearly a decade and have built relationships with class action and mass tort attorneys across the country.
Is Jnd legal administration legit?
JND is well-known throughout the legal industry for providing the most responsive, trustworthy, and comprehensive legal administrative service in the country.