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Blue Cross Blue Shield of Arizona enters Medicaid market with health plan purchase

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Blue Cross Blue Shield of Arizona is getting into the Medicaid business.

The Phoenix-based health insurer has acquired Steward Health Choice Arizona LLC, also based in Phoenix, for an undisclosed amount.

That means BCBSAZ now has a contract with the Arizona Health Care Cost Containment System to provide coverage for more than 200,000 Medicaid eligible enrollees in Arizona.

BCBSAZ already provides commercial health insurance and Medicare coverage to more than 1.5 million customers in Arizona.

Read more from the Phoenix Business Journal.