Loading...
Market
Which region will see most BCBS policy changes due to antitrust settlement by mid-2025?
1
Resolution / Starting Odds
Northeast • 25%
Midwest • 25%
South • 25%
West • 25%
Official announcements from BCBS or regional regulatory filings
Story
Blue Cross Blue Shield Settles Antitrust Claims for $2.8 Billion, Largest Ever, Lawyers Eye $700 Million
Oct 17, 2024, 03:02 PM
Blue Cross Blue Shield (BCBS) has agreed to pay $2.8 billion to settle antitrust class action claims brought by healthcare providers, including hospital systems and physicians. The lawsuit alleged that BCBS and its affiliates engaged in practices that limited competition by dividing the country into non-competing areas, resulting in higher insurance costs and underpayment for reimbursements. This settlement marks the largest ever for a healthcare antitrust case, according to the plaintiffs. Additionally, the attorneys representing the plaintiffs are planning to request up to $700 million in legal fees for their work related to this settlement.
View original story
Similar markets
New regulations proposed • 25%
Formal investigations launched • 25%
Public awareness campaigns • 25%
No significant response • 25%
California • 25%
Arizona • 25%
Nevada • 25%
Arkansas • 25%
Yes • 50%
No • 50%
Northeast • 25%
Midwest • 25%
South • 25%
West • 25%
Significant negative impact • 25%
Moderate negative impact • 25%
No significant impact • 25%
Positive impact • 25%
Improved perception • 25%
Worsened perception • 25%
No change in perception • 25%
Mixed perception • 25%
FTC wins • 25%
PBMs win • 25%
Settlement reached • 25%
Case dismissed • 25%
Yes • 50%
No • 50%
Increase in participating states • 25%
Decrease in participating states • 25%
No change in participating states • 25%
Other • 25%
FTC wins • 25%
FTC loses • 25%
Settlement reached • 25%
Case dismissed • 25%
Northeast • 25%
Midwest • 25%
South • 25%
West • 25%
FTC wins • 25%
FTC loses • 25%
Settlement reached • 25%
Case dismissed • 25%