Becker's Healthcare June 24, 2024
The U.S. Supreme Court has declined to hear Home Depot’s challenge to a $2.67 billion settlement with Blue Cross Blue Shield companies, ending a legal saga over alleged anticompetitive behavior that dates back to 2012.
The court also rejected a related challenge for a $667 million fee award for the attorneys who were involved with the settlement.
BCBS members first brought the case in 2012, alleging that BCBS companies conspired to divide up markets to avoid competing with each other, thereby driving up costs for consumers.
In October 2020, BCBS companies and the association reached a $2.67 billion settlement, in which BCBS admitted to no wrongdoing. The settlement mandated that BCBS companies drop an association rule that required two-thirds...
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