Blue Cross Blue Shield is set to begin distributing payments following a substantial $2.67 billion class action lawsuit that accused the health insurance company of violating antitrust laws. This legal battle started in 2013 when over 35 Blue Cross Blue Shield health plans were named in a lawsuit alleging that the company restricted market competition, resulting in higher premiums and fewer options for consumers.
Despite Blue Cross Blue Shield’s consistent denial of these allegations, the case concluded without a definitive court verdict and was settled out of court. As a result, eligible customers can expect to receive payments based on the settlement terms.
To qualify for a settlement payment, customers had to submit their claims by November 5, 2021. Individuals and insured groups who were policyholders between February 7, 2008, and October 16, 2020, as well as self-funded accounts active between September 1, 2015, and October 16, 2020, may be entitled to compensation. If customers did not file their claims by the deadline, they are ineligible to receive any payment.
Approximately six million claims were filed before the deadline, leading to an anticipated payout of around $333 per claim. Although Blue Cross Blue Shield established a settlement fund of $2.67 billion, estimates suggest that only about $1.9 billion will be available for distribution after covering attorney fees, administrative costs, and other expenses.
The distribution of payments is slated to begin in May 2026, with initial claim notices reportedly already sent to eligible customers via email.
The Blue Cross Blue Shield Association serves as an umbrella organization for various health insurance providers across the United States, offering insurance plans to individuals, families, and businesses.
