- Kansas has awarded new contracts in its more than $4 billion Medicaid managed care program to plans operated by incumbents UnitedHealth and Centene. CVS, however, was displaced by newcomer Healthy Blue, a plan majority owned by Elevance. Kansas’ Medicaid program, called KanCare, announced the awards Tuesday to provide care for its 458,000 beneficiaries. The earnings impact on plans from the changes will be relatively small, according to analysts, though the contract loss represents a slight challenge for CVS, which could dispute the decision. On the flip side, the award suggests re-procurement momentum for Medicaid giant Centene, which is coming off recent contract wins in a number of states. (Articles here and here)
May 17, 2024
Payers | Tea Leaves