GAO Upholds $24B Humana Military Care Contract

Law360, New York (June 15, 2011, 7:43 PM EDT) -- Humana Inc. said Wednesday that the U.S. Government Accountability Office has upheld the Department of Defense’s decision to award the company a $23.5 billion contract to provide health insurance to troops and veterans in the South.

The GAO shot down a protest of the award filed by UnitedHealth Group Inc., leaving the TRICARE South Region contract in the hands of Humana Military Healthcare Services, according to the company.

The Pentagon awarded the contract to Humana in February. It commences on April 1, 2012, and provides for...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.