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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
02/09/201617:00:07Statement of Changes in Beneficial Ownership (4)
02/09/201616:59:43Statement of Changes in Beneficial Ownership (4)
02/09/201616:59:14Statement of Changes in Beneficial Ownership (4)
02/09/201616:58:49Statement of Changes in Beneficial Ownership (4)
02/09/201616:58:21Statement of Changes in Beneficial Ownership (4)
02/05/201616:37:22Statement of Changes in Beneficial Ownership (4)
02/03/201616:47:13Statement of Changes in Beneficial Ownership (4)
02/03/201615:26:00Blue Star Families and United Health Foundation Launch Initiative...
01/26/201616:50:25Statement of Changes in Beneficial Ownership (4)
01/21/201609:30:00Optum & PAREXEL to Accelerate Drug Development, Reimbursement...
01/20/201609:30:00Optum & Availity Partner to Improve Health Insurance Claims Submission...
01/20/201603:03:00UnitedHealth Warns Of Deeper Losses For Health Exchanges
01/19/201618:00:00UnitedHealth Raises Forecast for Losses on Affordable Care Act...
01/19/201611:16:00UnitedHealth Reports Profit Decline Amid Exchange Weakness--3rd...
01/19/201610:39:00Correction to UnitedHealth Article
01/19/201609:53:00UnitedHealth Reports Profit Decline Amid Exchange Weakness--2nd...
01/19/201608:51:00UnitedHealth Reports Profit Decline Amid Exchange Weakness--Update
01/19/201608:00:00UnitedHealth Reports Profit Decline Amid Exchange Weakness
01/19/201607:23:00UnitedHealth Reports Profit Decline Amid Exchange Weakness
01/19/201606:05:43Current Report Filing (8-k)

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