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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
06/23/201612:40:00DeKalb Physician Hospital Organization and UnitedHealthcare to...
06/23/201609:30:00March of Dimes, UnitedHealth Group Launch Group Prenatal Care...
06/23/201608:08:00Corporate Social Responsibility Related News Releases and Story...
06/21/201616:08:42Annual Report of Employee Stock Plans (11-k)
06/20/201616:29:45Statement of Changes in Beneficial Ownership (4)
06/20/201616:28:52Statement of Changes in Beneficial Ownership (4)
06/20/201608:15:00Market Momentum on Health Care Plans Stocks - CVS Health, Express...
06/19/201622:50:00Antitrust Regulators Concerned About an Anthem-Cigna Merger
06/17/201606:50:00UnitedHealth Group Schedules Second Quarter Earnings Release...
06/16/201609:30:00UnitedHealthcare Will Award up to $120,000 in Grants to Michigan...
06/16/201608:08:00Corporate Social Responsibility Related News Releases and Story...
06/13/201616:30:22Statement of Changes in Beneficial Ownership (4)
06/13/201616:20:00United Health Foundation Partnership with New Jersey Hospital...
06/13/201609:00:00UnitedHealthcare Will Reimburse Kidney Donors’ Travel Expenses, E...
06/12/201616:02:00UnitedHealth Group Supports People Affected by Mass Shooting...
06/09/201617:58:58Statement of Changes in Beneficial Ownership (4)
06/09/201617:57:36Initial Statement of Beneficial Ownership (3)
06/09/201617:56:12Statement of Changes in Beneficial Ownership (4)
06/09/201617:09:54Current Report Filing (8-k)
06/09/201616:52:00UnitedHealth Group Continues to Evolve Leadership

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