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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; [email protected]

Stock News for Uhc (UNH)
DateTimeHeadline
01/20/201717:49:43Initial Statement of Beneficial Ownership (3)
01/18/201713:33:00Lower Oil Prices Drag on Energy Stocks
01/18/201703:03:00UnitedHealth Says ACA Drag Is Easing -- WSJ
01/17/201708:01:33Current Report Filing (8-k)
01/17/201707:01:00UnitedHealth's Revenue, Profit Tops Forecasts
01/17/201706:30:00Timothy P. Flynn Joins UnitedHealth Group Board of Directors
01/17/201706:04:34Current Report Filing (8-k)
01/17/201705:55:00UnitedHealth Group Reports 2016 Results Highlighted by Continued...
01/17/201703:03:00Ahead of the Tape: Insurer Is Set to Pass Its Exam -- WSJ
01/16/201712:32:00UnitedHealth Is Poised to Pass Its Earnings Checkup--Ahead of...
01/11/201712:00:00CareerWise Colorado and UnitedHealthcare to Launch Apprenticeship...
01/10/201723:22:00UnitedHealthcare & Qualcomm Donate $50,000 to Boys & Girls Clubs...
01/10/201712:44:00INVESTOR ALERT: Levi & Korsinsky, LLP Announces an Investigation...
01/10/201710:27:00A.M. Best Comments on Credit Ratings of UnitedHealth Group Incorporated...
01/10/201703:02:00UnitedHealth's Optum to Acquire Surgical Care in $2.3 Billion...
01/09/201717:37:36Amended Statement of Changes in Beneficial Ownership (4/a)
01/09/201717:37:10Amended Statement of Changes in Beneficial Ownership (4/a)
01/09/201717:36:37Amended Statement of Changes in Beneficial Ownership (4/a)
01/09/201717:36:10Amended Statement of Changes in Beneficial Ownership (4/a)
01/09/201717:36:10Amended Statement of Changes in Beneficial Ownership (4/a)

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