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International Business Times UK
International Business Times UK
Business
Jim Manzon

Blue Cross Blue Shield $2.67 Billion Settlement Payouts Start in May — Why Millions May Get Less Than $300

Payments will be sent via cheque, electronic debit card, PayPal, or Venmo depending on what claimants selected in 2021.

About 6 million Americans who filed claims in the Blue Cross Blue Shield (BCBS) antitrust settlement are set to receive payments starting in May 2026, but most of them won't see the windfall they hoped for.

The total settlement fund stands at $2.67 billion (£1.98 billion). After court-approved attorney fees of roughly $667 million (£494 million) and administrative costs of about $100 million (£74 million), only around $1.9 billion (£1.41 billion) remains for distribution. That works out to an average payout of roughly $300 to $333 (£222 to £247) per person, and many claimants will receive significantly less.

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