Blue Blue Cross Blue Shield of Michigan says it's nearing a deal with the University of Michigan to buy its M-Care health plans.
The deal will be considered by the university's regents on September 22 and also needs approval from state and federal regulators.
M-Care's 200-thousand customers wouldn't see any immediate change but would have to pick a Blue Cross plan starting next year.
The university said it would work with Blue Cross to develop health care options for its own employees, graduate students and retirees.
M-Care has 400 employees, whose future is uncertain.