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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
04/28/201618:19:00UnitedHealthcare Donates $200,000 to National Church Residences...
04/28/201617:18:00New UnitedHealthcare Health Benefits Store in Fullerton Offers...
04/28/201608:08:00Corporate Social Responsibility Related News Releases and Story...
04/28/201603:03:00Anthem Sees Rise in Exchange Enrollees -- WSJ
04/26/201612:19:00New York Insurers to Change Coverage of Hepatitis C Drugs--Update
04/26/201609:30:00United Health Foundation Invests in the Future Health Workforce;...
04/25/201622:29:00New York Insurers to Change Coverage of Hepatitis C Drugs
04/22/201618:00:00UnitedHealth CEO Sees Decline in Total Compensation
04/22/201617:56:00UnitedHealth CEO Sees Decline in Total Compensation
04/22/201616:19:57Statement of Changes in Beneficial Ownership (4)
04/22/201616:19:32Statement of Changes in Beneficial Ownership (4)
04/22/201616:12:05Additional Proxy Soliciting Materials (definitive) (defa14a)
04/22/201616:10:48Proxy Statement (definitive) (def 14a)
04/21/201611:56:00ChildServe and UnitedHealthcare Establish Relationship to Serve...
04/20/201618:47:00UnitedHealthcare and Optum Support People Affected by Floods...
04/20/201613:59:00MARKET SNAPSHOT: U.S. Stocks Extend Rally To Fresh 2016 Highs
04/20/201612:13:00MARKET SNAPSHOT: U.S. Stocks Resume Climb To Fresh 2016 Highs...
04/19/201609:37:00U.S. Hot Stocks: Hot Stocks to Watch
04/19/201607:50:00UnitedHealth Tops Expectations, Raises Guidance
04/19/201607:42:00UnitedHealth Tops Expectations, Raises Guidance--Update

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