University of Texas Medical Branch to Terminate Aetna Contract
November 06, 2020
November 06, 2020
GALVESTON, Texas, Nov. 6 -- The University of Texas Medical Branch issued the following news release:
The University of Texas Medical Branch is terminating its commercial contract with Aetna because the insurance company does not pay UTMB at a competitive rate.
"Aetna is unwilling to negotiate and UTMB cannot continue to lose money on this contract," said Dr. Ben Raimer, president ad interim of UTMB. "As a state institution, UTMB must prudently manage the . . .
The University of Texas Medical Branch is terminating its commercial contract with Aetna because the insurance company does not pay UTMB at a competitive rate.
"Aetna is unwilling to negotiate and UTMB cannot continue to lose money on this contract," said Dr. Ben Raimer, president ad interim of UTMB. "As a state institution, UTMB must prudently manage the . . .