Blue Cross Blue Shield of Michigan logo.Not a Shield, but a Weapon? Blue Cross Accused of Antitrust Practices
The complaint was surfaced on Law.com Radar.
November 18, 2024 at 05:24 PM
2 minute read
Blue Cross Blue Shield of Michigan Mutual Insurance Co. was hit with an antitrust class action for allegedly weaponizing its "monopoly power" over the third-party market that covers catastrophic medical bills.
The named plaintiff, Wesco Inc., trustees of the Utility Workers Union of America National Health and Welfare Fund, self-funds the employee benefit plans through Blue Cross for administrative services, and uses stop-loss insurance to protect the employer from liability of unpredictable losses.
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