In a landmark development, Blue Cross Blue Shield (BCBS) has reached a $2.8 billion settlement to resolve antitrust claims brought by health care providers, including chiropractors. The lawsuit accused BCBS of dividing the nation into exclusive regions and limiting competition, which resulted in lower reimbursements for providers. Although BCBS denies any wrongdoing, the company agreed to the settlement to avoid lengthy litigation – and you can get a piece of the pie.
Interesting Quote
We are alleging that the CCE told the school what they had to do to become accredited, and the school had an extremely long period of time to comply but just failed to do so. Therein, they breached their fiduciary duties to the students of the school. - Dr. Joseph Hoffman,PC, attorney for 75 Life students in lawsuits against the chiropractic college, Dr. Sid Williams, and the board of trustees. (Source: Marietta Daily Journal, Nov. 1, 2002)