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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
07/22/201618:29:00Completion of New Affordable-Housing Community Celebrated in...
07/20/201607:00:00USMD and UnitedHealthcare to Improve Patients' Care in Dallas/Fort...
07/20/201603:05:00UnitedHealth Posts Strong Results -- WSJ
07/19/201612:13:00UnitedHealth's Profit Jumps on Health-Services Growth--Update
07/19/201607:30:00UnitedHealth Tops Earnings Views
07/19/201607:21:00UnitedHealth Tops Earnings Views, Lifts Low End of Guidance
07/19/201606:06:06Current Report Filing (8-k)
07/19/201605:55:00UnitedHealth Group Reports Second Quarter Results
07/15/201609:30:00Volunteers to Build Playground at Dream Weavers of Georgia in...
07/14/201620:13:00UTRGV and United Health Foundation Unveil Mobile Clinic to Deliver...
07/07/201610:30:00UnitedHealthcare Community Plan Expands Service Area; Now Available...
07/06/201608:20:00Walgreens Reports Strong Pharmacy Sales, but Front End Drags
07/05/201617:15:53Statement of Changes in Beneficial Ownership (4)
07/05/201617:15:29Statement of Changes in Beneficial Ownership (4)
07/05/201617:14:35Statement of Changes in Beneficial Ownership (4)
07/05/201617:14:11Statement of Changes in Beneficial Ownership (4)
07/05/201617:14:11Statement of Changes in Beneficial Ownership (4)
07/05/201617:13:20Statement of Changes in Beneficial Ownership (4)
07/05/201617:12:27Statement of Changes in Beneficial Ownership (4)
07/05/201617:12:00Statement of Changes in Beneficial Ownership (4)

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