BCBS of North Carolina wins $9.4B contract to manage state health plan

Blue Cross and Blue Shield of North Carolina won its bid to be the third-party health plan administrator for more than 727,000 state employees, teachers, retirees and others.

The contract, awarded March 6, is worth $9.4 billion. It will run from 2022-24. State Treasurer Dale Folwell predicts the contract will save $110 million in administrative costs during the three-year period.

BCBS of North Carolina beat out Aetna and UnitedHealthcare subsidiary United Medical Resources for the contract. 

Under a separate contract announced March 10, Humana will provide Medicare Advantage products to eligible State Health Plan members starting in 2021. The state said the contract will save $590 million in costs.

More articles on payers:
Humana to make value-based payments to Ochsner providers treating social determinants
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Health insurers address new coronavirus: 5 updates

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