CareFirst BlueCross BlueShield has resolved a dispute with Anne Arundel Medical Center (AAMC) after the Annapolis hospital threatened to terminate its contract with the medical insurance provider. In a joint statement released on Friday, officials from the hospital and the insurance provider said they have reached an agreement which will ensure no disruptions to care or coverage for CareFirst patients who receive treatment at AAMC.
According to The Baltimore Business Journal,
In a joint statement released Friday afternoon, AAMC and CareFirst said they signed a new three-year contract to be effective Sept. 1. They did not release details about the agreement but said there will be no disruption in care or coverage.
Without a contract in place, CareFirst members would not have received in-network discounts for certain medical services at AAMC. That means they would likely have had to pay higher prices for their care or find care elsewhere, with other in-network doctors. CareFirst has had contracts with AAMC for about 60 years. The health insurer is the largest in Maryland, with over 70 percent market share.
Read the full article for more information.