Investigation of Health Insurance From Blue Cross And Blue Shield

If you or your organization of fewer than 200 employees purchased health insurance from Blue Cross and Blue Shield of any of the below stated states, you have certain options and you should contact the Shareholders Foundation, Inc.

To have your information reviewed for options and to recieve notifications about this investigation, please use this form. You may also send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Company Name(s): 
Blue Cross and Blue Shield Association

An investigation on behalf of those who purchased individual or group health insurance from Blue Cross and Blue Shield in the state of Alaska, Iowa, Idaho, Illinois, Kansas, Montana, North Dakota, Nebraska, New Jersey, South Carolina, Vermont or Washington over potential violations of Federal Laws was announced.

According to the investigation by a law firm Blue Cross and Blue Shield might have violated certain federal laws by potential conspiring in an anti-competitive scheme that resulted in inflated health insurance premiums for residents of Alaska, Iowa, Idaho, Illinois, Kansas, Montana, North Dakota, Nebraska, New Jersey, South Carolina, Vermont or Washington.

The investigation focuses on whether 37 of the largest health insurance companies across the U.S., who operate regionally using the Blue Cross and Blue Shield brand name, potentially illegally agreed that Blue Cross and Blue Shield of Alaska, Iowa, Idaho, Illinois, Kansas, Montana, North Dakota, Nebraska, New Jersey, South Carolina, Vermont, and Washington, respectively, would have the exclusive ability to sell Blue Cross and Blue Shield insurance in each of those respective states; and that Blue Cross and Blue Shield of Alaska, Iowa, Idaho, Illinois, Kansas, Montana, North Dakota, Nebraska, New Jersey, South Carolina, Vermont, and Washington, respectively, would not compete with any of the other 37 Blue Cross and Blue Shield insurers in any of their exclusive territories.

Any such agreement would potentially be anti-competitive and in could be in violation of federal antitrust laws, giving Blue Cross and Blue Shield of Alaska, Iowa, Idaho, Illinois, Kansas, Montana, North Dakota, Nebraska, New Jersey, South Carolina, Vermont, and Washington, respectively, monopoly power and the ability to set artificially inflated premiums to be charged to customers in those respective states.