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Kansas Picks UnitedHealth, Centene, Amerigroup for Medicaid

By Jon Kamp The State of Kansas said Wednesday it has picked units of UnitedHealth Group Inc. (UNH), Centene Corp. (CNC) and Amerigroup Corp. (AGP) to cover Medicaid members starting Jan. 1, with a goal of saving more than $1 billion over five years. The Kansas awards are the latest in a string of state partnerships with managed-care firms aimed at restraining costs and improving care in the health program for the poor, which is jointly paid for by states and the federal government. According to a state press release, the awards for the three insurers followed "an extensive bidding and review process." The savings estimate is up from an original target of $853 million over five years when the state's "KanCare" Medicaid overhaul program was announced in November. Amerigroup shares recently traded up 0.9% to $62.74 while UnitedHealth Group rose 0.9% to $59.34. Centene was down 0.3% at $30.22. Write to Jon Kamp at jon.kamp@dowjones.com

Stock News for Uhc (UNH)
DateTimeHeadline
01/21/201515:13:09U.S. Stocks Little Changed in Choppy Trade
01/21/201514:37:27U.S. Stocks Trade Little Changed
01/21/201511:16:32UnitedHealth Results Top Expectations on Revenue Growth -- 4th...
01/21/201510:42:05U.S. Stocks Pare Early Losses on Talk of ECB Easing
01/21/201508:42:21UnitedHealth Results Top Expectations on Revenue Growth -- 3rd...
01/21/201508:29:47UnitedHealth Results Top Expectations on Revenue Growth -- 2nd...
01/21/201506:59:07MARKET SNAPSHOT: U.S. Stocks: Futures Lower Before Housing; Netflix...
01/21/201506:55:11UnitedHealth Results Top Expectations on Revenue Growth
01/21/201506:46:55MARKET SNAPSHOT: U.S. Stocks: Futures Lower Before Housing, Netflix...
01/21/201506:35:04MARKET SNAPSHOT: U.S. Stocks: Futures Lower Before Housing, UnitedHealth...
01/20/201511:31:16Investors Watch UnitedHealth for Cost Trends, Law Impact -- Earnings...
01/16/201519:17:16Top Health Official to Step Down--2nd Update
01/16/201513:11:35Top Health Official to Step Down--Update
01/16/201510:19:48Top U.S. Health Official Marilyn Tavenner to Step Down
12/23/201414:49:29Asset Managers, Activists Urge Companies to Adopt Director Tenure...
12/01/201419:14:12UnitedHealth Reaffirms 2014 Earnings View, Issues 2015 Guidance
11/25/201417:59:20Insurers' Listings of In-Network Doctors Often Out of Date--Update
11/12/201417:09:26UnitedHealth Creates Office of the Chief Executive
10/16/201417:06:24MARKET SNAPSHOT: U.S. Stocks End Marginally Higher; Small Caps...
10/16/201414:43:08MARKET SNAPSHOT: U.S. Stocks Rebound; Small Caps Rally

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