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.
Brett Sellers, CPA
Brett K. Sellers, CPA is a Tax Strategist to chiropractors and a partner with the firm of Stewart, Archibald and Barney, LLP. He can be contacted at (702) 579-7000 and bsellers@sabcpa.com.