Pittsburgh-based UPMC has tentatively agreed to pay $12.5 million to settle an antitrust lawsuit that was filed more than five years ago, according to a Trib Live report.
The lawsuit was brought by Cole’s Wexford Hotel and alleges a conspiracy between UPMC and Pittsburgh-based Highmark allowed their for-profit subsidiaries to overcharge customers for premiums by keeping competing insurers out of the local market. The hotel bought group health insurance from Highmark Health Insurance between 2010 and 2012.
The tentative agreement, which does not include Highmark, requests the lawsuit be put on hold for 90 days while UPMC and the hotel work out the details of the settlement, according to the report.
Full content: Becker’s Hospital Review
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Federal Antitrust Trial Explores Potential Impact of Tapestry-Capri Merger
Sep 12, 2024 by
CPI
Australia Targets Big Tech with New Fines for Misinformation
Sep 12, 2024 by
CPI
Mastercard to Acquire Cybersecurity Firm Recorded Future for $2.65 Billion
Sep 12, 2024 by
CPI
Ireland Prime Minister: Apple’s €13 Billion Payment Could Fund Housing and Capital Projects
Sep 12, 2024 by
CPI
Regulators Probe Swisscom’s $8.8 Billion Vodafone Italia Deal
Sep 12, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Canada & Mexico
Sep 3, 2024 by
CPI
Competitive Convergence: Mexico’s 30-Year Quest for Antitrust Parity with its Northern Neighbor
Sep 3, 2024 by
Francisco Javier Núñez Melgoza
Competition and Digital Markets in North America: A Comparative Study of Antitrust Investigations in Mexico and the United States
Sep 3, 2024 by
Julio Garcia
Recent Antitrust Development in Mexico: COFECE’s Preliminary Report on Amazon and Mercado Libre
Sep 3, 2024 by
Alejandra Palacios Prieto
The Cost of Making COFECE Disappear
Sep 3, 2024 by
Mateo Fernández