Don't Fret Over Antitrust Deal's ERISA Impact, BCBS Says
By Christopher Cole (September 7, 2021, 10:14 PM EDT) -- Blue Cross Blue Shield says the government shouldn't worry that the insurance giant's planned $2.67 billion deal to resolve subscribers' antitrust claims in Alabama federal court could lead employers to mishandle assets in their workers' health plans.
The U.S. Department of Labor wrote to the court in July with multiple legal concerns related to the pending settlement, which aims to clear up part of massive litigation accusing the insurer of divvying up markets to the detriment of members and providers.
A group of plaintiffs comprising health plan subscribers — including both employer plans and individuals who buy health insurance — moved...
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