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What is the Blue Cross Blue Shield provider settlement?
Medical providers, including individuals, physician groups, hospitals, surgery centers, health systems and other health care facilities, may be eligible for a portion of a $2.8 billion settlement reached by the Blue Cross Blue Shield Association and individual Blue plans to resolve a class action antitrust lawsuit (the
What does OPL stand for in insurance?
Other Party Liability (OPL) A cost containment program that recovers money for health care services where primary responsibility does not exist because of another group health plan or contractual exclusions. Includes coordination of benefits, Workers Compensation, subrogation and no-fault auto insurance.
How much is the payout for the Blue Cross Blue Shield lawsuit?
Are you eligible? Blue Cross Blue Shield will soon begin paying out $2.67 billion to customers follow a years-long lawsuit alleging that the health insurance giant broke antitrust laws.
What is the average amount of a class action lawsuit?
The average class action lawsuit payout per person typically ranges from $20 to $1,000, depending on the settlement size, number of claimants, and legal fees. Some high-profile cases may result in payouts exceeding $10,000, but larger class sizes usually lead to smaller individual payments.
What is the difference between BCBS Kansas and BCBS Kansas City?
BCBSKS serves all Kansas counties except Johnson and Wyandotte, while Blue KC serves the Kansas City metro area, including Johnson and Wyandotte counties. Is BCBSKS exiting the Medicare Advantage market like Blue KC? No, BCBSKS is not exiting the Medicare Advantage market.
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What does aso amount mean for Blue Cross Blue Shield settlement?
The ASO column shows Total Administrative Fees Paid. If the premium amount column is zero dollars and the ASO amount column contains dollars, this means the employer was self-funded. In self-funded plans, employees pay premiums to their employer, and a portion of that is paid to BCBS for administrative fees.
How much will individuals get from the BCBS settlement per?
About 6 million people reportedly filed claims by the deadline. The Blue Cross Blue Shield settlement site noted that payouts of $5 or less wont be distributed. If all claims were paid equally, it could be about $300 per person.
Related links
AOR 1990-22.
Sep 17, 1990 The license to use the Blue Cross and Blue. Shield service marks is contingent upon compliance with licensing and membership standards
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