Blue Cross Blue Shield faced a class action lawsuit alleging that the insurance company broke antitrust laws by limiting market competition. Within the lawsuit, it was argued that this increased premiums and reduced options for customers while generating fixed prices for healthcare services. However, the defendants, Blue Cross Blue Shield Association and Blue Cross and Blue Shield companies, deny wrongdoing. The court did not reach a final verdict, however the case was settled. The Blue Cross Blue Shield Association and the companies agreed upon a $2.67 billion settlement fund, which was finalized in October, that will pay customers who filed a claim. If you are a Blue Cross Blue Shield customer, and you haven't filed a claim in the class action lawsuit, then you will not receive a settlement payment, since the deadline for filing a claim has passed.
