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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 [email protected]

Stock News for Uhc (UNH)
DateTimeHeadline
01/18/201713:33:00Lower Oil Prices Drag on Energy Stocks
01/18/201703:03:00UnitedHealth Says ACA Drag Is Easing -- WSJ
01/17/201708:01:33Current Report Filing (8-k)
01/17/201707:01:00UnitedHealth's Revenue, Profit Tops Forecasts
01/17/201706:30:00Timothy P. Flynn Joins UnitedHealth Group Board of Directors
01/17/201706:04:34Current Report Filing (8-k)
01/17/201705:55:00UnitedHealth Group Reports 2016 Results Highlighted by Continued...
01/17/201703:03:00Ahead of the Tape: Insurer Is Set to Pass Its Exam -- WSJ
01/16/201712:32:00UnitedHealth Is Poised to Pass Its Earnings Checkup--Ahead of...
01/11/201712:00:00CareerWise Colorado and UnitedHealthcare to Launch Apprenticeship...
01/10/201723:22:00UnitedHealthcare & Qualcomm Donate $50,000 to Boys & Girls Clubs...
01/10/201712:44:00INVESTOR ALERT: Levi & Korsinsky, LLP Announces an Investigation...
01/10/201710:27:00A.M. Best Comments on Credit Ratings of UnitedHealth Group Incorporated...
01/10/201703:02:00UnitedHealth's Optum to Acquire Surgical Care in $2.3 Billion...
01/09/201717:37:36Amended Statement of Changes in Beneficial Ownership (4/a)
01/09/201717:37:10Amended Statement of Changes in Beneficial Ownership (4/a)
01/09/201717:36:37Amended Statement of Changes in Beneficial Ownership (4/a)
01/09/201717:36:10Amended Statement of Changes in Beneficial Ownership (4/a)
01/09/201717:36:10Amended Statement of Changes in Beneficial Ownership (4/a)
01/09/201717:35:43Amended Statement of Changes in Beneficial Ownership (4/a)

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