October 12, 2016

Three months after the Sixth Circuit vacated a $30 million federal class action settlement resolving antitrust claims against Blue Cross Blue Shield of Michigan, the parties on Tuesday unveiled a new settlement agreement for the same amount of money.

Under the amended deal, BCBS Michigan denies all claims and says it decided to settle the six-year-old case to avoid further expenses and the burden of litigation. The plaintiffs — direct purchasers of allegedly overpriced health care services — said that a settlement is in the best interest of the class.

The full article can be read here.