URBANDALE, Iowa The Iowa Board of Regents has voted to give the University of Iowa more latitude in negotiations with health insurance provider Wellmark Blue Cross and Blue Shield.
The regents voted 5-2 in an emergency meeting on Wednesday to give the university more freedom in its talks with the health insurance company.
University officials must decide this week whether to renew its contract with Wellmark, which pays about 200 (m) million dollars a year to University Hospital and its clinics.
Talks between the university and Wellmark have stalled, but both sides are optimistic an agreement can be reached.
If the contract is not renewed, it would expire December 31st, 2005.
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