Another Insurance Settlement

Twenty-three BlueCross BlueShield plans settled a class action lawsuit on behalf of physicians for $128 million according to the Birmingham News.  Archie Lamb, of Birmingham, Alabama was the lead attorney for the plaintiffs.  The lawsuit was one of several against various insurance carriers.  Many have already settled for huge sums of money. 

Why would these insurance carriers settle for such large sums?  Apparently, their practices have not been on the up-and-up.  Obviously, for $128 million, the insurance carriers could easily cover the legal fees to fight such a “frivolous” claim, OR maybe the claims aren’t so frivolous.  It is a shame that it takes a lawsuit to force an industry to do the right thing.  Maybe trial attorneys aren’t so bad after all.  It seems as though the doctors didn’t think so in this case.

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