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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
08/29/201617:44:00$12 Million Investment by UnitedHealthcare Helps Bring New Affordable-Housing...
08/29/201616:33:38Statement of Changes in Beneficial Ownership (4)
08/29/201611:40:00Walgreens Forms Alliance With Prime Therapeutics
08/29/201608:32:00The 10-Point.
08/24/201603:02:00Fugitive Tech CEO Alexander Returning to U.S. in Plea Deal...
08/23/201616:36:00North Carolina Community-Based Organizations Receive $75,000...
08/23/201614:44:00Correction to 'Fugitive Tech CEO Kobi Alexander Returning to...
08/23/201614:30:00Fugitive Tech CEO Koby Alexander Returning to U.S. in Plea Deal
08/23/201614:16:00Fugitive Tech CEO Koby Alexander Returning to U.S. in Plea Deal...
08/18/201616:08:00UnitedHealthcare and Optum Support People Affected by Wildfires...
08/15/201622:40:00Aetna to Drop Some Affordable Care Act Markets
08/15/201613:00:00UnitedHealthcare and Optum Support People Affected by Floods...
08/10/201616:19:00Community Health Council of Wyandotte County, United Health Foundation...
08/09/201617:28:00Construction Underway for New Affordable-Housing Community for...
08/06/201616:56:00MedExpress Announces UnitedHealth Group $500,000 Donation to...
08/05/201612:41:00UnitedHealthcare and Optum Support People Affected by Floods...
08/04/201616:01:00OptumCare Selects Allscripts to Provide its Physicians a Connected...
08/04/201608:30:00Doctors Earn More Than $148 Million in Quality of Care Bonus...
08/03/201616:52:00UnitedHealthcare Invests Nearly $17 Million to Expand Affordable...
08/03/201606:50:00UnitedHealth Group Board Authorizes Payment of Quarterly Dividend...

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