$2.67 Billion doesn’t even shake out to a payment for someone on one of these plans for more than 2/3 of the period covered by the settlement.
I just checked my claim and I got the same thing. I wonder how much money they will recoup from doing this to everyone. Maybe we can start another class action lawsuit so lawyers can make even more money.
Delay. Deny. Depose.
Another example of capitalism fucking everyone over. You know who got paid for certain? Lawyers.
For certain? No. I know lawyers. Clients not paying about a third of the time is apparently just one of the fun parts of the profession in many places.
Isn’t it a class action lawsuit?
True, that’s a very safe pay day for a lawyer. I was thinking of the general situation, but it does not apply here.
Idk I’m petty enough to take them to court over this, costing them way more than the 4.99 they owe me.
And then when I lose I’ll just follow the lawyers home and [REDACTED, PENDING ARSON INVESTIGATION]
imagine going to a store, buy an ice. Say to the cashier its below 5$ so you wont pay. Rinse and repeat.
Ice below $5? Sounds like my dealer is ripping me off!
I wonder how many people didn’t get paid their ‘under 5 dollars’. Would be neat to add up that total.
I got approx. $9 on an e-gift card. BCBS fucked me over real hard for years. I hope all of their poops feel like a thousand monkeys clawing their way out of their anus.
If you divide $2.67 billion by US population 343 million you get $7.77 per person. And not every person uses BCBS or could even be part of the settlement. so I really wonder what trickery is used to say OP got less than $5.
Well…
The attourneys get their cut. That’s a tenth right there.
Then there’s the other attourneys. That’s another tenth gone.
Uh… they probably charged some expenses. That could add up pretty quick.
Oh, and there’s probably a settlement firm handling the disbursement, so that’s another pack of attourney’s fees and whatnot.
Then you have the accountants checking all the fees, processing all the payments, etc. That’s another round.
Then there’s the bribes. These things can’t be trusted to anyone who isn’t on payroll.
Add on some clerical workers and a director to organise the whole operation.
Are the humans still getting paid? That’s not allowed. What else can we pretend is reasonable to exclude?
Probably the trickery that had some executive looking at that ‘meaningless’ number and thinking they should shave it off for their next yacht.
I sure the total adds up to many many hundreds of millions of dollars, and I’m also sure the lawyers are getting all of it.
I got the email in the screenshot, so at least 2 😅
I got one too, so at least 3
I got $60-something
I ended up getting just shy of $100. That’s bullshit for the amount they got out of me.
Don’t sign up for a class action law suit. File your own claim in a small claims court. You’ll get more money out of the law suit. Also, if everyone filed a small claims law suit, the companies would have to pay out more.
If a 100 people each sued for $20,000. That would be $200,000. Each of those 100 claims costs the company about 10 hours in billable hours and the lawyers are charing $500 per hour. That’s about $50,000 gone.
Now, let’s say 100,000 people sue for $20,000, that’s $2,000,000,000 being paid out with $500,000,000 in legal fees.
1,000,000 people at $20,000 is $20,000,000,000 to be paid out with $5,000,000,000 in legal fees.
I don’t have the time or ability, sadly. I live abroad, and given that this was settled instead of brought to judgment, I would be surprised if the evidence they brought forth wasn’t allowed to be stricken from the court record as part of the settlement agreement. I don’t have any evidence myself and have limited ability to gather it, from outside of the country.
I just sign up for everything that could even minimally apply to me and send the payment cards/checks to my sister, who’s raising two kids with her husband on two teachers’ salaries.
Blue Cross Blue Shield
Plaintiffs allege that Settling Defendants violated antitrust laws by entering into an agreement not to compete with each other and to limit competition among themselves in selling health insurance and administrative services for health insurance. Settling Defendants deny all allegations of wrongdoing and assert that their conduct results in lower healthcare costs and greater access to care for their customers.
Luigi? Where ya at, buddy?
Jail
I’m so confused. Who is/isn’t paying who?
Blue cross settled with people they insured to pay for shady practices. The amount that (apparently) many of us were awarded was less than $5, so we - the insured - don’t get paid.
I’m sure you all overpaid by more than $5 and in the end this was still profitable for them, so they’ll probably just do it again and pay another settlement in 5-10 years, rinse and repeat.
Fuck capitalism.
Does the money go somewhere else or do they just keep it?
My guess would be the lawyers
The lawyers got $667 milllions of the $2.67 billion settlement. Another $100 million was spent on administration to who knows what. They’re maiIing cheques so postage might be a significant amount as well.
The average payout of the remaining $1.9 billion across 6 million recipients is $333, so someone will receive whatever larger amounts amounts to that average in consideration of almost everyone else who gets nothing.
My guess is that it works similar to a bankruptcy, where the largest creditors are paid first, but with significant reductions, and of those reductions are used to pay the next most and so on.
Heck I was unaware of this and I have had BCBS for years from illinois, texas, and mass at various times.
