BCBS reaches $2.8 billion settlement agreement

Blue Cross Blue Shield has reached a tentative agreement to pay $2.8 billion to settle an antitrust lawsuit with providers, according to records filed in federal court in Alabama on Monday.

Blue Cross Blue Shield has agreed to pay $2.8 billion to settle claims from hospitals, physician groups and other providers that actions taken by BCBS insurers shortchanged them on reimbursements.

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