As of right now, members affected by the Blue Cross Blue Shield antitrust lawsuit (also known as members of the Damages Class) will begin receiving notification by email and mail about the related settlement. This includes notification that they may be eligible for a payment as a result of the settlement.
To provide information about the settlement and to help affected members determine their rights under the settlement, including if they are eligible for a payment, the company managing the process for notifying affected members (JND Legal Administration) has provided contact information as well as a resource page. We have included the contact information and a link to the resource page below.
North Risk Partners will continue to monitor the situation and provide further updates as more information becomes available.
In September 2020, a settlement agreement was reached in the Blue Cross Blue Shield antitrust class-action lawsuit and recently, the proposed settlement received preliminary approval. The proposed settlement requires Blue Cross Blue Shield to pay $2.67 billion to the affected class and institute reforms to enhance competition in the health insurance market. You can read the initial update here.
Questions can be directed to the following contact information and resource page provided by the company managing the process for notifying affected members:
If you have questions related to this update, please contact your North Risk Partners advisor. Don’t have an advisor? No problem. We’ll help you find one.
This regulatory update is not intended to be exhaustive nor should any discussion or opinions be construed as legal advice. Readers should contact legal counsel for legal advice.