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 Quotes
Slowing the Cost of Health Care
"Over the longer run, managed care could be far more potent - if it changes fundamental forces driving costs. Managed care can't delay the aging of the baby boom. But there are hints it may be slowing cost increases but raising uncomfortable questions."
- David Wessel. Health-Cost Trims Hold Inflation Down. Wall Street Journal, June 30, 1997.