TriWest Loses $20B Military Health Deal After Fraud Fine

Law360, New York (March 20, 2012, 4:35 PM EDT) -- The U.S. Department of Defense awarded an estimated $20.4 billion contract to UnitedHealthcare on Monday, ending TriWest Healthcare Alliance's 16-year run as the military's primary medical insurance provider in the western United States just months after TriWest agreed to pay $10 million over fraudulent billing.

The Pentagon uses three large contracts, divided by U.S. region into north, south and western, to provide medical care for troops and their families through a service called Tricare. The contracts, now in their third generation, have been held up by...
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.