I'm proud to be the plaintiff's attorney in a federal class action lawsuit filed recently by our firm, Jones Ward PLC. The suit is against Anthem Health Plans of Kentucky, for illegally conspiring to drive up prices for consumers. Anthem is the largest health insurer in Kentucky by far, collecting $326 million in premiums every year. The next largest insurer, Humana, collects just $27 million in premiums. Anthem's status as the 800-pound gorilla of health insurance in the Commonwealth is no accident. Anthem operates under the Blue Cross Blue Shield trademark, and is part of insurance mega-company Wellpoint, Inc. Anthem's strategy for limiting competition is simple. It teams up with other Blue Cross partners and illegally divides up the nation's insurance market in violation of the Sherman Act. The insurance companies then agree to stay on their own turf and not compete with each other. In the process, they drive up prices and keep competitors out.
To read more about this case, and to download a PDF copy of the lawsuit, click here.