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Class Action Lawsuit Lawyers

Blue Cross Blue Shield Antitrust Class Action Lawsuit 2021

You might have heard something about the Blue Cross Blue Shield Antitrust lawsuit and wondered what this litigation is all about. You may even wonder what this means for you, such as whether or not you are eligible to collect for damages in this lawsuit. Generally, people who are eligible to take part in this class action lawsuit would have received information about how to sign up for this lawsuit. By reading on, you can learn more about this class action litigation and whether or not you should file a claim as well.

Understanding the Blue Cross Blue Shield Antitrust Class Action Lawsuit

The main point of this lawsuit is that the business structure of BCBS created a licensing pact that existed between the insurer and around 38 of its own regional plans, which essentially created an anti-competitive trade association. What this means is that the markets for health insurance were divided and allocated across the different plans, but these plans didn’t compete with each other.

Why is this a problem? The main problem here as argued by the plaintiffs is that this impeded any real competition not only within this network but outside of it as well. This limited the choice customers should have for a variety of different reasons. For one thing, this meant that in-network providers weren’t allowed to use facilities that were out-of-network. Ultimately, these actions cause an increase in premiums, which causes financial harm to both the subscribers and providers.

Blue Cross Blue Shield denies any wrongdoing on their behalf. They say that their actions didn’t create inflated healthcare costs. Currently, there is a proposed settlement on the table, where Blue Cross Blue Shield doesn’t have to admit that they did anything wrong. This settlement could potentially end the litigation.

Filing a Claim Against BCBS

The next question that you may have is whether or not you are eligible to make a claim for this settlement. Any businesses and insured groups, which includes both non-employer and employer groups, who purchased specific BCBS insurance or administrative service plans between these dates: February 2008 and October 2020. People within these categories may be eligible to receive compensation.

There is no accurate number as to how much each plaintiff in this class action lawsuit can receive from the settlement fund. There are several factors that can determine the amount a person is eligible for, which includes the total amount of their premiums that were paid during this settlement period. Compensation that you may be entitled to cover damages with interest in accordance with applicable federal laws.

If you are eligible for compensation, you will need to file a valid claim by November 2, 2021. You might have already received a settlement notice, which contains a unique ID. In order to complete the filing process for compensation, you will need to have this unique ID code to file a claim. You will also need to provide further information, such as who purchased the plan, which health plan was purchased, how much you paid in premiums, and any other supporting documentation that can help your claim.

It’s important to know that this settlement has not been officially approved yet. A hearing is set to take place on October 20, 2021, which will decide whether or not to approve the settlement offer. This court case isn’t to prove which party is right or wrong, rather the court will simply be focused on whether or not the settlement is adequate, reasonable, and fair.

IF YOU THINK  YOU ARE ELIGIBLE FOR AN ANTITRUST LAWSUIT

AGAINST BLUE CROSS BLUE SHIELD

CONTACT A CLASS ACTION LAWSUIT LAWYER AT THE INJURY FIRM

954-951-0000

How Class Action Lawyers Can Help

You are able to file a claim on your own for your piece of the settlement, but the claims process can be very complicated if you’re not sure of the process. You also will have limited resources and time as well as limitations on access to the documentation that you need for your claim. These are all reasons why you shouldn’t handle these types of claims on your own.

When you contact a call action lawsuit lawyer, their firm has experience in dealing with class action lawsuits so that you can get the help that you need to get the compensation that you deserve. They have the resources and time necessary to file a valid claim and get you the best results possible for your specific situation. When you work with a law firm on a class action lawsuit, you are getting the knowledge and expertise required to have the best outcomes possible. You will need to authorize the law firm to act as your agent, but otherwise, they will handle the process for you. They will even prepare you so that you know exactly what to expect every step of the way. If your claim is successful, the lawyer will make sure that you get your portion of the claim. If you don’t get any money, then you often won’t have to pay anything for the services of the class action lawyer.

If you are considering filing a claim as part of this class action lawsuit, then you should work with an experienced law firm rather than try to take on this task yourself. It’s always better to let a lawyer who has the knowledge and experience with class action lawsuits handle the process for you rather than trying to handle it yourself. A reputable lawyer is the best asset you have when it comes to these claims, ensuring that you get the best possible outcome for your claim.

Conclusion

At The Injury Firm, we are here to help clients get the compensation that they deserve. Blue Cross Blue Shield allegedly violated anti-trust laws, which means that they should be held accountable for how those actions impacted their subscribers. We are here to help victims of this insurance company get the compensation that they are entitled to as part of this class action lawsuit. If you think that you are eligible to file a claim in this class action lawsuit or want to learn more about it, contact us today to see how we can help.

PRIMARY OFFICE
The Injury Firm

1608 East Commercial Blvd. 
Ft. Lauderdale, FL 33334

Phone (954) 951-0000
Fax: (954) 951-1000

 


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The information contained in this website is provided for informational purposes only.  This website may contain information about The Injury Firm's past results, testimonials about the firm or a lawyer within the firm, and statements regarding the quality of The Injury Firm's work product. This information has not been reviewed or approved by The Florida Bar. Please be advised that: 1) the facts and circumstances of your case may differ from the matters for which results and testimonials have been provided: 2) Not all results of cases handled by the firm or its lawyers are provided and not all clients have given testimonials; and 3) The results and testimonials provided are not necessarily representative of results obtained by the firm or by its lawyers or of the experience of all clients or others within the firm or its lawyers. Every case is different, and each client’s case must be evaluated and handled on its own merits.

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