Blue Cross Blue Shield has agreed to pay $2.8 billion to resolve antitrust class action claims by hospital systems, physicians and other health providers alleging they were underpaid for reimbursements. The settlement is the largest ever for a healthcare antitrust case. BCBS denied the allegations in a statement, but said it agreed to the settlement and make operational changes to "put years of litigation behind us." The providers' lead attorneys says the proposed settlement would "transform" the BlueCard program through which providers submit claims. The agreement is subject to approval from a federal judge. The providers first sued in 2012, claiming Blue Cross and its affiliates divided the country into exclusive areas where they did not compete with each other. The lawsuit said the nationwide conspiracy increased the cost of insurance and drove down reimbursements.
