News Headlines Article

Health Net wins back Tricare contract
Sacramento Business Journal

In a stunning reversal Wednesday, the U.S. Department of Defense terminated a $2.8 billion annual Tricare military health care contract awarded to Aetna Inc. — and announced plans to give it back to Health Net Inc. The five-year contract, estimated at almost $17 billion, was awarded to Aetna in July but a protest filed by Health Net prompted an extension of the company’s current contract though March 31, 2011.