Blue Cross Blue Shield (BCBS) has agreed to pay $2.8 billion to settle an antitrust class action lawsuit brought against it by hospital systems, physicians, and health providers. The plaintiffs claimed that they were underpaid for services and reimbursements, as stated in an Alabama federal court filing on Monday.
This settlement marks the largest ever in a healthcare antitrust case, the healthcare providers stated in the motion for preliminary approval, Bloomberg Law reported. It also shared a copy of the motion that was submitted in court.
