Could Blue Cross Blue Shield Antitrust Settlement Tip Scales for Providers?
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Oct 18, 2024
The Blue Cross Blue Shield Association (BCBSA) and its 33 Blues plans have agreed to pay $2.8 billion — and execute significant operational changes — as part of a tentative settlement that would resolve a long-running class-action case brought by health care providers.
The proposed settlement marks the second time in recent years that Blues plans have inked a deal to settle an antitrust case brought against them, and it is the largest antitrust settlement in the history of the U.S. health care sector. Industry experts tell AIS Health, a division of MMIT, that the terms of the latest settlement could alter the balance of power in Blues plans’ contract negotiations with providers.
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