Individuals who file a Blue Cross Blue Shield settlement claim form may be eligible to take part in a $2.67 billion BCBS
Blue Cross Blue Shield Association
Blue Cross Blue Shield Association is a federation of 36 separate United States health insurance organizations and companies, providing health insurance in the United States to more than 106 million people. Blue Cross was founded in 1929 and became the Blue Cross Association in 1960, …
What is the BCBS settlement all about?
Plaintiffs allege that Settling Defendants violated antitrust laws by entering into an agreement where the Settling Defendants agreed not to compete with each other in selling health insurance and administration of Commercial Health Benefit Products in the United States and Puerto Rico, as well as agreeing to other ...
What happened with the Blue Cross Blue Shield settlement?
The settlement resolves claims that the insurers violated antitrust laws by entering into an agreement not to compete with each other and to limit competition among themselves in selling health insurance, according to the BCBS settlement website. BCBS has denied all allegations of wrongdoing.
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.
What is the net settlement fund?
Net Settlement Fund means the Settlement Fund less: (i) any Taxes; (ii) any Notice and Administration Costs; (iii) any Litigation Expenses awarded by the Court; and (iv) any attorneys' fees awarded by the Court.
Is Blue Cross Blue Shield settlement legit?
IS THE BLUE CROSS SETTLEMENT REAL? Yes, the Blue Cross Blue Shield Settlement is legit, and some involved may have even received postcards in the mail notifying them of the lawsuit.
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 ...
How much are the Facebook settlement checks?
Barring any further appeals, $397 settlement checks will go out within the next 60 days to nearly 1.6 million users in Illinois who submitted claims.
How do I get my $400 from Facebook?
You must have filed a claim form by November 23, 2020 to receive a payout. If you do not remember whether you filed, or if you think there has been a mistake, you can contact one of the following: Settlement Administrator: 1-844-799-2417. Edelson PC, lawyer appointment to the case: 1-866-354-3015.
How do I see my Facebook payouts?
To find Payouts from your Facebook Page on a desktop computer:Click the drop-down icon at the top right corner of your Facebook Page. Select Settings & Privacy, then Settings.In the side navigation, click Payouts.Click on the Payout Account ID drop-down, and select the account you want to view or update.
How do you calculate net settlement?
In banking, net settlement is simply the sum of the day's credits and debits.
What is the difference between gross and net settlement?
Gross settlement is where a transaction is completed on a one-to-one basis without bunching with other transactions. On the other hand a Deferred Net Basis (DNS), or net-settlement means that the transactions are completed in batches at specific times.
What is the reason for the net payment system?
Net settlement is used because it reduces the amount of money that has to be held in the settlement medium compared to gross settlement, which requires immediate payment of each individual transaction. It also reduces inter-bank risks.
What happened to the Facebook settlement in Illinois?
Facebook agreed to pay $650 million to end the litigation, with the money to be split among Illinois Facebook users who filed claims by a certain deadline, minus costs and $97.5 million in attorneys' fees.
What is going on with the Facebook settlement?
The lawsuit — known as "Facebook Internet Tracking Litigation" — accuses Facebook of "improperly obtaining and collecting data" through non-Facebook websites that displayed a Facebook "Like" button. Facebook has denied any wrongdoing, but is still choosing to settle the matter without going to trial.
What is happening with the Facebook lawsuit in Illinois?
Facebook, Inc. has settled a class action that claimed Facebook collected and stored the biometric data of Facebook users in Illinois without the proper notice and consent in violation of Illinois law as part of its “Tag Suggestions” feature and other features involving facial recognition technology.
Did Facebook send checks?
According to recent updates, the Settlement Administrator began sending out checks to recipients on May 9, 2022, and it will take two weeks to send out the entirety of the checks either via mail or electronic payments.
What is the Blue Cross Blue Shield case?
The case was filed by a group of individuals and companies who purchased or received health insurance from a Blue Cross Blue Shield company and claim that the defendants—Blue Cross Blue Shield Association and a slew of individual Blue plans—agreed not to compete with each other in selling health insurance and administrative services. According to the lawsuit, the defendants’ alleged anticompetitive conduct caused subscribers and enrollees to pay more for insurance or administrative services than they otherwise would have paid.
Who Is Covered by the Settlement?
The settlement covers individuals and insured groups (and their employees) who purchased or were enrolled in a Blue Cross or Blue Shield health insurance or administrative services plan between February 7, 2008 and October 16, 2020.
How Much Can I Get from the Settlement?
Those who submit valid claims are eligible to receive a cash payment from the approximately $1.9 billion net settlement fund. The amount of the payment will depend on, among other factors, the amount of premiums or administrative fees you paid and the number of valid claims that are filed.
How much is the net settlement fund?
Those who submit valid claims are eligible to receive a cash payment from the approximately $1.9 billion net settlement fund. The amount of the payment will depend on, among other factors, the amount of premiums or administrative fees you paid and the number of valid claims that are filed.
Is the Blue Cross Blue Shield settlement a scam?
First off, the settlement is not a scam. It’s the result of a class action antitrust lawsuit called In re: Blue Cross Blue Shield Antitrust Litigation MDL 2406 and you can find the court-approved website for it here.
What is a settlement with Blue Cross Blue Shield?
Class Representatives (“Plaintiffs”) reached a Settlement on October 16, 2020 with the Blue Cross Blue Shield Association (“BCBSA”) and Settling Individual Blue Plans. BCBSA and Settling Individual Blue Plans are called “Settling Defendants.”. Plaintiffs allege that Settling Defendants violated antitrust laws by entering into an agreement not ...
What is this Settlement about?
This settlement, arising from a class action antitrust lawsuit called In re: Blue Cross Blue Shield Antitrust Litigation MDL 2406, N.D. Ala. Master File No. 2:13-cv-20000-RDP (the “Settlement”), was reached on behalf of individuals and companies that purchased or received health insurance provided or administered by a Blue Cross Blue Shield company. Class Representatives (“Plaintiffs”) reached a Settlement on October 16, 2020 with the Blue Cross Blue Shield Association (“BCBSA”) and Settling Individual Blue Plans. BCBSA and Settling Individual Blue Plans are called “Settling Defendants.”
How do I participate in the Settlement?
To receive a payment, you must have filed a claim by November 5, 2021.
How did settlement defendants violate antitrust laws?
Plaintiffs allege that Settling Defendants violated antitrust laws by entering into an agreement not to compete with each other and to limit competition among themselves in selling health insurance and administrative services for health insurance. Settling Defendants deny all allegations of wrongdoing and assert that their conduct results in lower healthcare costs and greater access to care for their customers. The Court has not decided who is right or wrong. Instead, Plaintiffs and Settling Defendants have agreed to a Settlement to avoid the risk and cost of further litigation.
What is this Settlement about?
This settlement, arising from a class action antitrust lawsuit called In re: Blue Cross Blue Shield Antitrust Litigation MDL 2406, N.D. Ala. Master File No. 2:13-cv-20000-RDP (the “Settlement”), was reached on behalf of individuals and companies that purchased or received health insurance provided or administered by a Blue Cross Blue Shield company. Class Representatives (“Plaintiffs”) reached a Settlement on October 16, 2020 with the Blue Cross Blue Shield Association (“BCBSA”) and Settling Individual Blue Plans. BCBSA and Settling Individual Blue Plans are called “Settling Defendants.”
How do I participate in the Settlement?
To receive a payment, you must have filed a claim by November 5, 2021.
How did settlement defendants violate antitrust laws?
Plaintiffs allege that Settling Defendants violated antitrust laws by entering into an agreement not to compete with each other and to limit competition among themselves in selling health insurance and administrative services for health insurance. Settling Defendants deny all allegations of wrongdoing and assert that their conduct results in lower healthcare costs and greater access to care for their customers. The Court has not decided who is right or wrong. Instead, Plaintiffs and Settling Defendants have agreed to a Settlement to avoid the risk and cost of further litigation.
Is The Settlement Legit?
How Much Can I Get from The Settlement?
- Those who submit valid claims are eligible to receive a cash payment from the approximately $1.9 billion net settlement fund. The amount of the payment will depend on, among other factors, the amount of premiums or administrative fees you paid and the number of valid claims that are filed. Payments will not be sent out until the settlement receives final approval and any appeals are re…
Who Is Covered by The Settlement?
- The settlement covers individuals and insured groups (and their employees) who purchased or were enrolled in a Blue Cross or Blue Shield health insurance or administrative services plan between February 7, 2008 and October 16, 2020. The settlement also covers self-funded accounts (and their employees) who purchased or were enrolled in a Blue Cross ...
How Do I File A Claim?
- The easiest way to file a claim is to use the online portal on the settlement website, found here. You’ll need your unique ID from the email or postcard you received. (If you don’t have a unique ID, you can still file a claim using the same portal.) You can also download a copy of the claim form, found here, and mail it to the below address: All claim forms must be submitted online or postm…
Where Can I Find More Information?
- For more information, check out the settlement website, particularly the FAQ section. If you still can’t find what you’re looking for, you can reach out to the settlement administrator at [email protected] or call toll-free at (888) 681-1142. If you’re interested in getting class action news and updates, including information about settlements, sent straight to your inbox, si…