The Blue Cross Blue Shield Association said it dropped a rule that limited competition among its member insurers, moving to implement a key aspect ofThe settlement hasn’t won final approval from the federal judge presiding over the litigation, so it isn’t being fully implemented.
The Blue Cross Blue Shield Association includes 35 insurers, each of which typically hold exclusive rights to the Blue Cross and Blue Shield brands within a certain territory, a setup that would remain intact under the antitrust settlement. However, lifting the revenue cap could allow the Blue insurers to compete more against one another by expanding their non-Blue businesses, experts said. Dropping the limit “certainly should increase competition,” said Tim Greaney, a professor at the University of California Hastings College of the Law, though he said it isn’t clear how quickly it would have an effect.
Why are these criminals allowed be In business? They have stolen from people since 2008. Why is it they pay chump change out in these class action lawsuits and are not tried in a court for when they have done?
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