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Medicare Advantage startup Bright Health raised another $500 million in its latest venture capital funding round.

Blue Cross Blue Shield insurers tentatively reached a settlement in an antitrust lawsuit that accuses the companies of conspiring to divide markets and avoid directly competing with each other, according to The Wall Street Journal. 

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Daniel Hilferty, president and CEO of Independence Health Group, which runs Independence Blue Cross and AmeriHealth Caritas, is retiring.

Blue Cross Blue Shield of Michigan is giving more than 8,500 employees voluntary separation offers to help manage its administrative costs, the insurer said in a statement to Becker's Hospital Review.

Blue Cross Blue Shield Association's national employee benefit committee filed a lawsuit against an investment firm after losing $2 billion from its benefit plan trust, according to Pensions & Investments. 

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