Anthem Pays $594M in the Blues Plan Antitrust Settlement
Anthem is paying a substantial portion of Blues plans’ tentative antitrust settlement, which is estimated to be nearly $3 billion, executives said on a call with investors on Wednesday morning.
Anthem has penciled in $594 million for its contribution to the $2.7 billion settlement. The Blue Cross and Blue Shield Association reportedly agreed to the settlement in a lengthy class action suit late last month.
Anthem chief financial officer John Gallina called the settlement “pending” during the earnings call, and said having a deal in the works “removes an uncertainty” for the business around the ongoing litigation.