Blue Cross Blue Shield to Pay $2.8 Billion Antitrust Settlement – Bloomberg Law

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.
Americas+1 212 318 2000
EMEA+44 20 7330 7500
Asia Pacific+65 6212 1000
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.
Americas+1 212 318 2000
EMEA+44 20 7330 7500
Asia Pacific+65 6212 1000
By Quinn Wilson
Blue Cross Blue Shield agreed Monday to pay $2.8 billion to resolve antitrust claims alleging hospitals, physician groups, and other healthcare providers were shortchanged on reimbursements.
The payment is the largest in a healthcare antitrust case, the healthcare providers say in their motion for preliminary approval. In addition to the funds, the settlement provides for reforms to Blue Cross’s BlueCard program, which is the company’s system of electronic claims processing for providers throughout the US and abroad.
The settlement stems from a 2012 complaint that alleged BlueCross BlueShield’s use of geographic areas to dictate where a health insurance plan …
AI-powered legal analytics, workflow tools and premium legal & business news.
Log in to keep reading or access research tools.

source

Leave a Comment

WP2Social Auto Publish Powered By : XYZScripts.com