Blue Cross Blue Shield insurers agree to pay $2.8 billion to settle the antitrust suit

Under the settlement, Blue Cross will create a system-wide information platform that will enable member benefits, eligibility verification and claims tracking. According to the lawyers, this would lead to more transparency, efficiency and accountability.

The settlement also gives providers more contract options with the Blue Cross plans.

Blue Cross will spend hundreds of millions of dollars to implement the non-monetary portion of the settlement, the filing said.

The settlement covers U.S. healthcare providers, including hospitals and some physicians, with Blues plan patients between July 2008 and October 2024.

The lawyers said they would seek up to $700 million in legal fees from the Blue Cross.

Blue Cross agreed in 2020 to pay $2.7 billion to resolve related antitrust claims from commercial and individual subscribers. The U.S. Supreme Court upheld that deal in June.