Health Net Will Continue To Administer TRICARE Benefits
The Department of Defense has decided to retain Health Net for one of its three regional contracts for TRICARE, the health insurance program for military personnel, their dependents and retirees. The department initially planned to award the $16 billion contract to Aetna but re-evaluated Aetna's bid after Health Net appealed. Under the contract, Health Net will administer health benefits for three million beneficiaries in 22 Eastern and Midwestern states and Washington, D.C.
- "Pentagon Renewal Saves Hundreds of Local Health Net Jobs" (Calvan, Sacramento Bee, 5/13).