The contract is effective Jan. 1. BCBS of Michigan is seeking to cut administrative costs and pharmacy prices, as well increase choices and give its 2 million members more product offerings.
The new contract is part of BCBS of Michigan’s three-year plan to reduce administrative costs by at least $300 million by 2018, according to Crain’s.
The eight employees affected by the change will be able to apply for other jobs within the company.
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