A settlement was reached this week in a class-action lawsuit involving claims that a dental insurance policy sold to Medicaid recipients living in nursing homes was in violation of Oklahoma law.
Under the $900,000 settlement agreement, the lawyer would get a third in attorneys’ fees and the named plaintiff would get $10,000. Everyone else – the 1,600 people that ostensibly got the raw deal – would get about $21 for each month they were in the Oklahoma Medicaid program and paid their premiums for dental insurance.
Lawyers make out pretty good in these consumer class action lawsuits. The actual victims usually don’t fare as well.
You can read about the court’s approval of the settlement in Childs v. Unified Life Insurance Company (that just sounds made up) here.