Blue Cross’ $2.67 Billion Settlement in Antitrust Case Upheld

A district court didn’t abuse its discretion when it approved a $2.67 billion settlement agreement for a multi-district antitrust class action against the Blue Cross Blue Shield Association and its member plans, the Eleventh Circuit said.

The settlement didn’t violate public policy and was equitable, the opinion by Chief Judge William H. Pryor Jr. said Wednesday for the US Court of Appeals for the Eleventh Circuit.

Subscribers who bought health insurance from Blue Cross filed class actions against it, alleging that it violated the Sherman Antitrust Act by restricting its member plans’ ability to compete.

There were multiple cases filed, ...