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US: Judge okays settlement withdrawal in health insurance case

By  |  May 8, 2013

In the latest development of the case, a US District Judge has approved of the plaintiffs’ request to withdraw their acceptance of a settlement offered by hospital system UPMC and insurer Highmark Inc., accused of conspiring to bar competing insurers out of the region. According to reports, the defendants had originally offered a settlement of up to $4.5 million for the attorneys. While the plaintiffs, which include a hotel company and a property management conglomerate of Western Pennsylvania, first accepted the offer, they moved to withdrawal the acceptance, arguing the settlement was not sufficient to premium payers. The plaintiffs argued that the alleged collusion between the defendants allowed Highmark to charge excessive premium rates.

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