DOJ Slaps Blue Cross Michigan With Antitrust Suit

Law360, New York (October 18, 2010, 12:38 PM EDT) -- The U.S. Department of Justice has filed a civil antitrust suit against Blue Cross Blue Shield of Michigan, alleging that terms the insurer inserts into its contracts with hospitals have curbed competition and likely raised prices on health care services and insurance in the state.

In a complaint filed Monday in the U.S. District Court for the Eastern District of Michigan, the DOJ objects to the use of most favored nation clauses by BCBSM, claiming that the provisions have made the company effectively immune from competition...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.