Law360, New York (May 14, 2012, 6:23 PM ET) -- Blue Cross Blue Shield of Tennessee was hit Thursday with an antitrust class action by a customer claiming the health insurance giant conspired with other BCBS plans nationwide to divide geographic markets, creating a monopoly that illegally inflated premiums for thousands of policyholders.
In a suit filed in the Western District of Tennessee, customer Mary Morrissey claimed the dominant market share enjoyed by BCBS-TN is the direct result of an illegal conspiracy in which 37 of the nation’s largest health insurance member plans agreed they will...
Blue Cross Hit With Market Allocation Suit In Tenn.
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