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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
07/29/201417:40:31Express Scripts Profit Falls 5.1%
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07/17/201409:38:23U.S. Hot Stocks: Hot Stocks to Watch
07/17/201408:31:50MARKET SNAPSHOT: U.S. Stocks: Futures Fall As Russia-Ukraine...
07/17/201407:10:13MARKET SNAPSHOT: U.S. Stocks: Futures Dip With Morgan Stanley...
07/17/201406:14:50MARKET SNAPSHOT: U.S. Stocks: Futures Dip With Morgan Stanley...
07/13/201406:18:25MARKET SNAPSHOT: Tech, Bank Earnings To Test Economic Recovery
06/04/201417:41:11UnitedHealth Raises Dividend By 34%, Renews Buyback Plan -- Update
05/05/201422:01:22Massachusetts Scraps Its Health Insurance Exchange
04/17/201417:12:38MARKET SNAPSHOT: S&P 500's Weekly Gain Is Best Since July 2013
04/17/201413:58:36MARKET SNAPSHOT: U.S. Stocks Set For Weekly Gains
04/17/201412:03:06UnitedHealth's Profit Falls Amid Health-Law Changes--3rd Update
04/17/201411:16:12U.S. Stocks Turn Mostly Higher
04/17/201410:16:19MARKET SNAPSHOT: U.S. Stocks Lower Amid Mixed Earnings
04/17/201408:47:09UnitedHealth Group 1st-Quarter Profit Falls 7.8%--2nd Update
04/17/201407:21:26UnitedHealth Group 1st-Quarter Profit Falls 7.8%--Update
04/13/201408:46:33MARKET SNAPSHOT: Google, Intel, IBM Outlooks To Trump Earnings...
03/24/201415:26:23Bain to Buy Brazil Health-Insurance Operator
02/24/201417:01:35MARKET SNAPSHOT: Stocks Rally; S&P 500 Ends Right Below Record
02/24/201413:53:12MARKET SNAPSHOT: U.S. Stocks Rally As S&P 500 Hits Intraday Record

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