Blue Cross Blue Shield to start sending out $2.6B class action settlement checks – Straight Arrow News

[CRAIG NIGRELLI]

ABOUT SIX MILLION PEOPLE ARE ABOUT TO GET PAYMENTS FROM BLUE CROSS BLUE SHIELD – AFTER WAITING TWO YEARS.

THE HEALTH INSURER SAYS NOTICES OF PAYMENT FROM A 2 POINT 6-7 **BILLION** DOLLAR CLASS ACTION LAWSUIT SETTLEMENT ARE BEING SENT ON A ROLLING BASIS – SO IF YOU WERE PART OF THE LAWSUIT, LOOKOUT FOR YOURS.

THE SUIT CLAIMED MORE THAN 35 B-C-B-S HEALTH INSURANCE PLANS VIOLATED ANTITRUST LAWS BY AGREEING **NOT** TO COMPETE WITH EACH OTHER – LIMITING COMPETITION IN THE HEALTH INSURANCE MARKET.

THE PAYMENTS WILL BE SENT TO SUBSCRIBERS WHO WERE PART OF CERTAIN B-C-B-S PLANS BETWEEN FEBRUARY 20-08 AND OCTOBER 20-20…

AND FILED A CLAIM BY NOVEMBER 5-TH, 20-21.

PAYMENT AMOUNTS WILL VARY…

BASED ON HOW MANY VALID CLAIMS A PERSON FILED, THE PREMIUMS PAID DURING THAT TIME PERIOD, AND WHETHER A PERSON’S INSURANCE WAS FULLY INSURED OR SELF-FUNDED.

BUT THE AVERAGE CHECK SHOULD BE AROUND 300 DOLLARS.

OH, AND IF YOU FILED A CLAIM THAT WASN’T WORTH MUCH BUT YOU THOUGHT “ANYTHING’S BETTER THAN NOTHING” – JUST KNOW ANYONE WHOSE PAYMENT EQUALS FIVE DOLLARS OR LESS WON’T BE GETTING A CHECK.

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