Blue Video explained: the release driving the conversation

A class action lawsuit was filed against Blue Cross Blue Shield in 2013, alleging that the company broke antitrust laws by limiting market competition. Blue Video has emerged this Friday as one of the stories drawing attention in Nigeria.

Key facts

• A class action lawsuit was filed against Blue Cross Blue Shield in 2013, alleging that the company broke antitrust laws by limiting market competition.
• Blue Cross Blue Shield will soon begin distributing settlement payments stemming from a $2.67 billion class action lawsuit alleging the health insurance giant broke antitrust laws.
• The litigation began in 2013, when a class action lawsuit was filed against more than 35 Blue Cross Blue Shield health insurance plans.
• Though Blue Cross Blue Shield agreed to create a $2.67 billion settlement fund, only $1.9 billion remains available for payout after deducting attorney fees, administration expenses and other costs, according to the Blue Cross Blue Shield Settlement website.
• Some Blue Cross Blue Shield customers will soon receive payouts from a class action lawsuit involving the health insurance company.

What we know

Going deeper, Blue Cross Blue Shield will soon begin distributing settlement payments stemming from a $2.67 billion class action lawsuit alleging the health insurance giant broke antitrust laws.

On the substance, the litigation began in 2013, when a class action lawsuit was filed against more than 35 Blue Cross Blue Shield health insurance plans.

Beyond the headlines, though Blue Cross Blue Shield agreed to create a $2.67 billion settlement fund, only $1.9 billion remains available for payout after deducting attorney fees, administration expenses and other costs, according to the Blue Cross Blue Shield Settlement website.

More precisely, some Blue Cross Blue Shield customers will soon receive payouts from a class action lawsuit involving the health insurance company.

It is worth noting that the settlement, dating back to October of 2020, alleged the company violated antitrust laws by limiting the competition among Blue Cross health insurance plans.

By the numbers

At this stage, According to the settlement administrator, anyone who was covered by certain Blue Cross Blue Shield health plans or administrative services between February 2008 and October 2020 may be a class member.

On a related note, 16, 2020 may have been eligible for a payment and Self-Funded Accounts who were customers between Sept.

Going deeper, About six million filed claims by the November 2021 deadline, so the payouts are expected to be around $333 per claim.

On the substance, the initial distribution of payments will begin in May 2026, according to the settlement website.

The wider context

On a related note, Blue Cross Blue Shield has repeatedly denied these claims, and while the court didn't reach a final verdict, the case was settled.

Going deeper, Blue Cross Blue Shield did not respond for comment when contacted by USA TODAY in February.

On the substance, Customers who are eligible for a Blue Cross Blue Shield settlement payment needed to file a claim by Nov.

Beyond the headlines, the Blue Cross Blue Shield Association is an association of health insurance companies in the United States.

More precisely, Blue Cross denied all allegations of wrongdoing, saying their decisions resulted in lower healthcare costs and greater access to care.

The bottom line

• The litigation began in 2013, when a class action lawsuit was filed against more than 35 Blue Cross Blue Shield health insurance plans.
• Though Blue Cross Blue Shield agreed to create a $2.67 billion settlement fund, only $1.9 billion remains available for payout after deducting attorney fees, administration expenses and other costs, according to the Blue Cross Blue Shield Settlement website.
• Some Blue Cross Blue Shield customers will soon receive payouts from a class action lawsuit involving the health insurance company.
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