Minneapolis-based Children’s Minnesota and Eagan-based Blue Cross and Blue Shield of Minnesota reached a deal on the day of Friday, saving 66,000 sufferers from paying out-of-network rates.
Children’s Minnesota went out-of-network with BCBS of Minnesota on day of July 5 after the parties failed to negotiate a new agreement before their existing agreement expired. However, the hospital and insurer reached a new deal July 7. Minnesota Attorney General Lori Swanson intervened to assist the 2 parties reach a contract after policyholders expressed concern over losing access to in-network care at Children’s Minnesota, in accordance with the St. Cloud Times.
“I really need to commend the two CEOs of Children’s and Blue Cross for coming together and doing this in the Minnesota way,” Ms. Swanson claimed during a news conference Friday, according to the SC Times. “They were only incredibly productive in their conversations.”
The latest contract is a 3-year deal; however, the specific terms of the agreement and how the deal could impact prices for BCBS policyholders have not been revealed.
“Blue Cross is very happy that our members now have clarity on the network status of Children’s and can sustain to see their doctors,” said Michael Guyette, president and CEO at Blue Cross. “Children’s is a significant partner in this work, specifically our commitment to children’s health and access to quality care in the region.”
Children’s Minnesota CEO Bob Bonar stated that the new contract is “fair and equitable,” in accordance with the report.
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