MCAG's Class Action Settlement Recovery Service (SRS)
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MCAG’s Class Action Settlement
Recovery Service (SRS)
Confidential and proprietary. © MCAG, LLC 2020 All Rights Reserved
About MCAG
Managed Care Advisory Group | Headquarters: Toledo, OH | Founded in 2003
MCAG is an industry leader in revenue recovery from class action settlements. We do not create class actions. We
continually search for class actions that have already settled and have funds available for our clients — a complex and
resource-intensive process.
Class Action Settlement Partner-Focused
Recovery Experts Distribution Model
Submitted claims for Driven by unrivaled data
over 75 settlements access and relational capital
Service all types and
sizes of organizations
No Risk Fee
Proven Success Structure
More than $250 million No upfront fees
in recoveries Retain % of recoveries
Confidential and proprietary. © MCAG, LLC 2020 All Rights Reserved
MCAG Clients
Current clients include: iconic brands, innovative, world-class companies, major
healthcare systems, physician practices, leading colleges and universities, popular
hospitality and restaurant groups, technology leaders, respected financial
organizations, private equity groups, local, regional and national non-profits.
75,000+ Businesses have enrolled for our comprehensive SRS for all current & future settlements or for
one or more specific settlements such as the Visa/Mastercard settlement
1,400+ Hospitals including dozens of the nations top healthcare systems
Confidential and proprietary. © MCAG, LLC 2020 All Rights Reserved
Settlements Overview
• Billions available annually in settlement funds
• Common reasons for lawsuits:
• price-fixing of products;
• inadequate compensation for services;
• manipulation of financial markets
• Defendants forfeit large sums of cash in exchange for releases from Class Members and/or certain
rights
• Rights often surrendered even if claim is not submitted
• Automatic payment is rare – claim must be submitted to receive monetary compensation
• Funds exhausted despite low participation
• Healthcare organizations are frequently eligible Class Members
Confidential and proprietary. © MCAG, LLC 2020 All Rights Reserved
Settlement Types
Healthcare
Insurance claims were not reimbursed
or were not paid correctly to facilities
and/or providers.
Pharmaceutical
Product Organization with a self-insured health plan
Alleged price fixing and or inflation overpaid for drugs purchased on behalf of
of certain products by manufacturers. its employees. Typically only applies to
Indirect and direct purchaser organizations with 5,000 or more FTE’s.
settlements.
Financial
Manipulation of financial markets by
large banks; excessive payment
card interchange fees.
Confidential and proprietary. © MCAG, LLC 2020 All Rights Reserved
Class Member Options
Do Do Nothing
Nothing • Often 80% or more of eligible entities do not
pursue settlements.
Opt Out • Why don’t eligible entities file on their own?
3rd Party • Unknown ROI
3rd Party
Go It Alone • Limited access to data/records
On My Own • Misunderstanding of filing requirements
• Unaware of applicable settlements
Third-Party
Opt • Issues with delivery/receipt of notices
Out
• Inefficient use of resources – filtering through
notices to identify worthwhile opportunities
Do Nothing
Confidential and proprietary. © MCAG, LLC 2020 All Rights Reserved
The SRS Process
01 03 05 07
Monitor Class Action Alert clients of applicable Coordinate with the Settlement Distribute net proceeds
resources for available settlements and whether or Administrator to ensure the to clients.
settlements. not action is required. appropriate recovery amount.
02 04 06
Identify and Assess Submit claims to the Recover gross proceeds on
applicable settlement Settlement Administrator. behalf of clients.
opportunities and assess their
value.
Confidential and proprietary. © MCAG, LLC 2020 All Rights Reserved
Online Enrollment Platform
1. Click link in email from your vendor, or visit www.mcagenroll.com and enter code KHA500
2. Complete online enrollment form with business name, primary address, tax ID, and contact information
Confidential and proprietary. © MCAG, LLC 2020 All Rights Reserved
Settlement Opportunities
Current Settlements
UFCW & Employers Benefit Trust v. Sutter Health - $575 million
• Deadline: May 28, 2021
• For organizations in Northern & Central California with a self-funded benefit plan
Blue Cross Blue Shield – Subscriber/Benefit Plan - $2.67 billion
• Deadline: November 5, 2021
Payment Card (Visa/MasterCard) Interchange Fee Settlement - $5.54 billion
• Deadline: TBD
Potential/Proposed Settlements MCAG is Closely Monitoring
Blue Cross Blue Shield – Healthcare Providers
Generic Pharmaceuticals Pricing Antitrust Litigation
LIBOR OTC Manipulation
Opioid Multidistrict Litigation
Confidential and proprietary. © MCAG, LLC 2020 All Rights Reserved
BCBS Subscriber/Benefit Plan Settlement
Net Settlement • Fully Insured Plans ~$1.78B
Funds • Self-Funded Groups ~$120M
• Fully Insured = sum of premiums paid
Claim Values • Self-Funded = sum of administrative 11/30/20
fees paid Preliminary approval
5/31/21
Notices distributed
• Fully Insured: 2/7/2008 – 10/16/2020 7/28/21
Eligible Period • Self-Funded: 9/1/2015 – 10/16/2020 Opt-out/objection deadline
10/20/21
Final approval hearing
• No automatic payment 11/5/21
Payment • A claim must be filed to receive Claim filing deadline
compensation
Confidential and proprietary. © MCAG, LLC 2020 All Rights ReservedVisa/Mastercard Settlement
In re: Payment Card Interchange Fee and Merchant Discount
Antitrust Litigation
• The settlement resulted from a lawsuit claiming that merchants paid Data from
excessive fees to accept Visa or MasterCard cards because of an Current
Data from Processor
alleged conspiracy among Visa, MasterCard and their respective Previous
member banks. Processors
• If your business accepted Visa or MasterCard payments any time from
January 1, 2004 to January 25, 2019, you may be eligible to recover
money from this settlement. Data from
• The net proceeds available from the settlement will be approximately Visa and
Mastercard
$5 billion.
• Returns could be significant because over 150 of the largest merchants, such as
Wal-Mart, Delta Airlines, American Airlines, and Google have already been
compensated by the Defendants and are not eligible to be paid from the $5 billion
in settlement funds.
• Timing of a claims submission process has not yet been set – we offer a
solution that you can sign up for today to ensure that an optimal claim
is filed on your behalf as soon as the claim window opens.
Your Estimated Volume
• December 13, 2019: District Court granted Final Approval – appeals have been filed.
A claims process will be available once all appeals have been resolved.
Confidential and proprietary. © MCAG, LLC 2020 All Rights ReservedValue Drivers
True customer support to address any inquiry
throughout the entire settlement process.
Our processes, data integrity and
documentation are consistently validated as a Our turn-key solution optimizes client claims
result of Settlement Administrator reviews. and eases administrative burdens.
We bring order to what can be a
chaotic process with a service that
Ensure claim form compliance
fits all types of organizations.
and payment delivery.
Clients do not have to provide data as a result of
We eliminate the need to track important
our access to relevant databases we use to submit
dates and claim filing deadlines.
a comprehensive claim on their behalf.
Confidential and proprietary. © MCAG, LLC 2020 All Rights ReservedContact Us
Managed Care Advisory Group, Inc. is a unique
management consulting firm that specializes in
helping businesses recover every dollar they earn.
3434 Granite Circle
Toledo, Ohio 43617
Adam Schmidt
(800) 355-0466 x 2406
www.mcagenroll.com | KHA500
aschmidt@mcaginc.com
Disclaimer: MCAG has done its best to identify and assess applicable settlements – any list provided by MCAG should not be treated as comprehensive.
MCAG is not a law firm and the information provided herein is not legal advice, nor should it be treated, construed or acted upon as such. MCAG is not the
Settlement Administrator, nor are MCAG’s sites the official, Court-approved, settlement websites. Class Members are not required to sign up with any third-
party service in order to participate in these settlements.
Payment Card Settlement (Visa/MC) Disclaimer: On December 13, 2019 the Court granted final approval of the settlement filed on September 18, 2018 for
the Rule 23(b)(3) Class Plaintiffs in this action. No claim forms are available at this time, and no claim-filing deadline exists. No-cost assistance will be available
from the Class Administrator and Class Counsel during any claims-filing period. No one is required to sign up with any third-party service in order to participate
in any settlement. For additional information regarding the status of the litigation, interested persons may visit www.paymentcardsettlement.com, the Court-
approved website for this case.
Thank You.
Confidential and proprietary. © MCAG, LLC 2020 All Rights ReservedYou can also read
