A PYMNTS Company

US: Judge okays settlement withdrawal in health insurance case

By  |  May 8, 2013
US: Judge okays settlement withdrawal in health insurance case

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.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: Trib Live

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.