26 Cos. Object To $30M Blue Cross Deal In Antitrust Suit
By David McAfee (September 25, 2014, 6:51 PM EDT) -- ADAC Automotive and dozens of other self-insured entities urged a Michigan federal court Wednesday to reject a proposed $30 million settlement in a class action claiming Blue Cross Blue Shield of Michigan violated antitrust laws by using most-favored-nation clauses in its contracts, calling the deal unfair and inadequate.
The 26 objectors, which have more than 5,000 health plan participants who have received health care services at Michigan General Acute Care Hospitals since 2006, say the proposed settlement is "woefully inadequate" and gives preferential treatment to the named plaintiffs. The deal also favors class counsel, the objectors say.
"In short, the proposed...
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