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TriWest To Contest Contract Awarded To UnitedHealth

DOW JONES NEWSWIRES TriWest Healthcare Alliance Corp. said it will challenge the Defense Department's decision to award UnitedHealth Group Inc. (UNH) a major military healthcare contract, calling the government's process "flawed and unfair." The contract, worth up to $20.5 billion over nearly six years, has belonged to TriWest for 16 years. The new contract, which covers about 2.9 million beneficiaries in Tricare's 21-state West Region, would replace TriWest, a nonprofit that has served the Tricare region for many years, starting in April 2013. "Due to what we discovered in the government's debriefing, TriWest will exercise its legal right to challenge this decision, with the goal of winning back the contract," TriWest President and Chief Executive David J. McIntyre said. A UnitedHealth spokesman was not immediately available for comment after business hours. UnitedHealth had protested and is now taking a contract TriWest won in 2009. Its win in the West offsets a loss in another Tricare territory to rival Humana Inc. (HUM). TriWest said it will contest UnitedHealth's role in the contract because the provider has less experience serving military patients. The nonprofit healthcare alliance also said its price came in significantly below UnitedHealth's, adding the disruption caused by switching contractors could cost taxpayers hundreds of millions of dollars. UnitedHealth shares were recently off fractionally, at $54.93 after hours. -By Drew FitzGerald, Dow Jones Newswires; 212-416-2909; Andrew.FitzGerald@dowjones.com

Stock News for Uhc (UNH)
DateTimeHeadline
08/31/201516:05:00Dermatology Services Now Available via Telehealth Technology...
08/28/201516:06:23Initial Statement of Beneficial Ownership (3)
08/26/201515:27:00UnitedHealthcare and Optum Continue to Support People Affected...
08/22/201519:47:00Second UnitedHealthcare IRONKIDS® Seattle Fun Run Motivates...
08/22/201519:18:00Volunteers Build Playground at Woodruff Family YMCA in Milford
08/20/201518:21:00UnitedHealthcare and Optum Act to Support People Affected by...
08/18/201516:41:00Give an Hour Receives $1.6 Million from United Health Foundation...
08/14/201520:55:00UnitedHealthcare’s Baby Blocks Helps Expectant Mothers in Kansas D...
08/14/201517:20:16Current Report Filing (8-k)
08/12/201516:01:00A.M. Best Withdraws Ratings of PacifiCare Life and Health Insurance...
08/12/201507:00:00UnitedHealth Group Board Authorizes Payment of Quarterly Dividend...
08/11/201509:00:00UnitedHealthcare Launches Mobile App to Help Medicaid and CHIP...
08/10/201516:53:00San Ysidro Health Center Kicks-off National Health Center Week...
08/07/201512:10:00UnitedHealthcare and Optum Act to Support People Affected by...
08/06/201516:00:00Give an Hour Receives $1.6 Million from United Health Foundation...
08/05/201508:30:00Optum Centers of Excellence Program Expands Access to Mayo Clinic...
08/03/201509:30:00Healthy Savings Program Helps Make Healthier Foods More Affordable...
07/31/201516:05:26Current Report Filing (8-k)
07/30/201516:26:12Statement of Changes in Beneficial Ownership (4)
07/29/201517:29:54Quarterly Report (10-q)

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