Largest Healthcare Settlement Off its Kind Impacts New York
A health insurance company that insures many New Yorkers just agreed to a $2.8 billion settlement.
Blue Cross Blue Shield will pay $2.8 billion to settle multiple antitrust claims.
Blue Cross Blue Shield Agrees To $2.8 Billion Settlement
The settlement is the largest settlement of its kind in the healthcare industry.
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The settlement resolves a class action lawsuit made by hospital systems, physicians and other health providers.
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Blue Cross Blue Shield and 33 of its independent companies agreed to pay nearly $3 billion over the claims by hospital systems and healthcare providers, who say they were underpaid for reimbursements.
Blue Cross Blue Shield Wants To Put "Litigation Behind Us."
In a statement, obtained by Reuters, Blue Cross Blue Shield denied the allegations made in the settlement.
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The company agreed to the settlement and confirmed making significant operational changes, including how it processes insurance claims, to "put years of litigation behind us."
Nearly 30 New York Hospitals Earn Near Failing Grade For Patient Safety
Nearly 30 hospitals in New York State recently earned near-failing grades for patient safety. See the full list below.
Nearly 30 New York Hospitals Earn Near Failing Grade For Patient Safety
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