WellPoint gets $87M Medicare contract renewal

Indianapolis-based health insurer WellPoint Inc. said Tuesday it received a Medicare medical equipment contract worth as much as $86.7 million over five years.

The company said the Centers for Medicare & Medicaid Services renewed its durable medical equipment administrative contract for a region that covers Illinois, Indiana, Kentucky, Michigan, Minnesota, Ohio and Wisconsin. WellPoint said the contract is for one year with four options of one year each.

The services will be handled by WellPoint's National Government Services unit, the company said. WellPoint first received the administrative contract in January 2006. The renewal takes effect in December.

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