MICHIGAN ~ After months of negotiations that threatened to boot about 250,000 Michiganders off their health insurance plans if a deal wasn’t reached, Blue Cross Blue Shield of Michigan and Michigan Medicine announced Wednesday morning that they have reached a new, long-term contract.
According to a joint press release from the two medical institutions, the new contract will continue in-network status for Michigan Medicine’s academic medical center and affiliated facilities, clinics, and physicians. The two organizations will continue meeting over the coming weeks to finalize details of the new agreement, in anticipation of a June 30 renewal date.
The final terms of the contract will remain proprietary between the two organizations.
“Blue Cross is pleased to reach this long-term agreement with our partners at Michigan Medicine – ensuring continued access to the system’s medical care services for our members, while advancing the affordability of their care and coverage,” said Tricia A. Keith, president and CEO of BCBSM, in the press release.
“On behalf of our physicians, nurses and all of our team members, we are grateful to have reached an agreement that ensures continued access for our patients and for Blue Cross members across the state to the world-class care available at Michigan Medicine,” said David Miller, M.D., CEO of Michigan Medicine.
