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BCBS accused in US court of limiting competition in Michigan health insurance market

( November 11, 2024, 21:58 GMT | Official Statement) -- MLex Summary: A proposed class action complaint was filed against Blue Cross Blue Shield accusing it of attempting to reduce competition in the Michigan health insurance industry. According to the complaint, BCBSM uses and leverages its monopoly power in the Michigan third-party administrative services market for self-funded accounts to increase its market power in the separate stop-loss insurance market by illegally tying and/or bundling the purchase of stop-loss insurance with the sale of its third-party administrative services via the imposition of an unlawful, punitive, and anticompetitive fee on its customers. See attached file. ...

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