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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
12/08/201616:25:13Statement of Changes in Beneficial Ownership (4)
12/07/201610:30:00UnitedHealthcare Pioneers National ACO Product; NexusACO Expands...
12/05/201615:50:00Aetna and Humana Argue a Merger's Benefits as Antitrust Trial...
12/02/201616:45:00Tenet and UnitedHealthcare Renew National Relationship
12/01/201610:00:00UnitedHealthcare Launches New Value-Based Care Payment to Help...
12/01/201608:30:00Dermatology Services Now Available via Telehealth Technology...
11/30/201610:00:00Everest Group PEAK Matrix Report Recognizes Optum as a Leader...
11/29/201619:30:00Anthem Begins Defense of Cigna Merger at Antitrust Trial
11/29/201615:47:00U.S. Stocks Edge Higher
11/29/201614:34:00U.S. Stocks Edge Higher
11/29/201613:41:00U.S. Stocks Edge Higher
11/29/201612:01:00Stocks Subdued by Lower Commodities Prices
11/29/201608:48:00OptumRx and CVS Pharmacy Partner to Expand Consumer Choice, Reduce...
11/29/201608:43:00OptumRx and CVS Pharmacy Partner to Expand Consumer Choice, Reduce...
11/28/201618:20:00UnitedHealth Gives Upbeat Outlook for 2017
11/28/201617:55:00UnitedHealth Gives Upbeat Outlook for 2017
11/28/201616:18:32Current Report Filing (8-k)
11/28/201616:15:00UnitedHealth Group to Discuss 2017 Financial Outlook at Investor...
11/23/201608:02:00The Four Companies That Sent the Dow to 19000
11/21/201616:12:31Statement of Changes in Beneficial Ownership (4)

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