SCOTUS upholds $2.7 billion Blue Cross class action settlement

The U.S. Supreme Court declined to hear challenges to a $2.7 billion class action settlement with Blue Cross Blue Shield, which was accused of overcharging subscribers, and a related $667 million attorney fee award, Reuters reports. Blue Cross welcomed the decision, and lead class attorney David Boies hailed it as a significant victory for consumers, promising refunds and increased competition in the health insurance market.