Association News

Don’t Miss the Next Settlement Claim Filing Deadline

Through your affiliation with HASC, members have full access to a Class Action Settlement Recovery Service provided by our endorsed partner Managed Care Advisory Group (MCAG). MCAG represents more than 1,400 hospitals and to date has recovered over $260 million in settlements on behalf of health care organizations.

More than $460 million is currently available via pharma/benefit plan settlements. Under these cases, it is generally alleged that businesses with self-insured health plans overpaid for drugs purchased on behalf of their employees due to artificially inflated and/or stabilized prices.

The number of these opportunities varies in any given year, but several can be available at the same time. Currently, three claim filing deadlines are approaching fast:

  • EpiPen – Mylan Settlement | $264 million | July 25, 2022 filing deadline
  • Restasis Settlement | $29.99 million | Aug. 11, 2022 filing deadline
  • Ranbaxy Settlement | $145 million | Oct. 11, 2022 filing deadline

Additionally, $5.54 billion is available via a financial settlement that should benefit all types of organizations:

  • Payment Card Interchange Fee Settlement | $5.54 billion | TBD filing deadline
    This class action, also known as the Visa/Mastercard settlement, reimburses organizations for the interchange fees they paid for accepting Visa or Mastercard payments from Jan. 1, 2004, to Jan. 25, 2019. This settlement has received final approval and the claims process will be available as soon as appeals are resolved.

MCAG does not create class actions, but continually searches for such actions that have already settled and have funds available for businesses. Your organization can count on the nation’s largest settlement recovery firm that files claims for more than 200,000 companies. MCAG provides its service to HASC members for an all-inclusive contingency fee when recoveries are obtained.

Signing up for MCAG’s service is easy:

  1. Visit MCAG’s website for HASC members here.
  2. Enter in your business information, and that’s it!

For any questions, contact Paul Young (information at right).