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Blue Cross Blue Shield payments to about 6 million people are set to go out more than two years after the health insurer reached a $2.67 billion settlement with subscribers.
More than two years after Blue Cross Blue Shield reached a $2.6 billion settlement with its subscribers after a lawsuit alleged the company broke antitrust laws, eligible customers who filed a ...
The company was founded in 1936 and is based in Chicago, Illinois with a network of offices in the United States. Health Care Service Corporation is the licensee of the Blue Cross and Blue Shield Association for five states. It concentrates its operations in Illinois, Montana, New Mexico, Oklahoma, and Texas.
In 1982, Blue Shield merged with The Blue Cross Association to form the Blue Cross and Blue Shield Association (BCBS). [11] Prior to 1986, organizations administering BCBS were tax exempt under 501(c)(4) as social welfare plans. The Tax Reform Act of 1986 revoked the exemption, however, because the plans sold commercial-type insurance.
(The Alabama insurance guaranty fund is an emergency reserve pool maintained by periodic levies on all insurance companies to create a cash fund to pay the obligations of struggling insurers, [3] similar to FDIC for banks.) As of 2018 Tim Vines is the CEO and President of Blue Cross Blue Shield of Alabama, moving up from Vice President and COO.
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.. The litigation began in ...
You can view your AOL billing statement on a computer by following the steps below. 1. Go to MyAccount and sign in. 2. In the left navigation menu, click My Wallet | select View My Bill.
Recent court ruling upholds the $2.67 billion agreement, pending additional appeals.