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The companies will pay out $2.67 billion in the antitrust settlement and agreed to change some of their practices. August 17, 2022 - Blue Cross Blue Shield (BCBS) has settled its antitrust litigation related to its practice of allegedly reducing competition between BCBS plans.

In spite of a recent spate of telemarketing fraud attempts, the notices and website they direct to, , are legitimate. Those who purchased or were enrolled in a Blue Cross Blue Shield health insurance plan between 2008 and 2020 may be eligible for a payout.

Nearly 1.6M Illinois Facebook users to receive $397 check soon after appeals court upholds privacy settlement.

The exact number of claims was not available on the website but if, say, 1.5 million people filed valid claims, then the average payment would be $12.66. If 150,000 people filed claims, then the average payment would be $126.60.

Plaintiffs allege that Settling Defendants violated antitrust laws by entering into an agreement not to compete with each other and to limit competition among themselves in selling health insurance and administrative services for health insurance.

Settlement amounts are typically calculated by considering various economic damages such as medical expenses, lost wages, and out of pocket expenses from the injury. However non-economic factors should also play a significant role. Non-economic factors might include pain and suffering and loss of quality of life.

Severity of injury is a major factor determining typical car accident settlement amounts. The Martindale-Nolo survey revealed the average compensation for car accident victims who were not injured was $16,700 while the average award for injured crash victims was $29,700.