WICHITA, Kan.— A former executive who sued a firm managing part of the privatized Medicaid program in Kansas asked a judge Monday to toss out counterclaims accusing her of trying to extort $3 million, calling those claims a "not so thinly-veiled campaign of retaliation." The latest legal dustup comes in the federal lawsuit filed against Sunflower State Health...
Dec 12- Health insurer Centene Corp forecast better-than-expected sales and profit for 2015 as it signs on more Medicaid members. The company, which provides services to government-sponsored healthcare programs, said it expects to earn $5.05 to $5.35 per share next year. It also forecast premium and service revenue of $20.3 billion to $20.8 billion.
Members under the Medicaid health plans increased 28 percent to 2.3 million in the quarter ended Sept. 30, driven by additions in Florida, Kentucky and Georgia under the federal health insurance program for lower-income people, Wellcare said. Medicaid expansion has also helped other insurers such as UnitedHealth Group Inc, Centene Corp and Cigna Corp..
Members under the Medicaid health plans rose 28 percent to 2.3 million as Florida, Kentucky and Georgia added more to the federal health insurance program for lower-income people. The expansion of Medicaid also helped other insurers such as UnitedHealth Group Inc, Centene Corp and Cigna Corp.. WellCare's medical benefit expenses rose 40 percent to $3...
Oct 28- Health insurer Centene Corp reported better-than-expected quarterly revenue and profit as it signed on more Medicaid members. Centene, which provides services to government-sponsored healthcare programs, said total membership increased 42 percent from a year earlier to 3.7 million as of Sept. 30. Net profit attributable to Centene rose to $82.6...
Oct 28- Health insurer Centene Corp reported a better-than-expected adjusted profit in the third quarter as it signed on more Medicaid members. About 70 percent of the total were Medicaid members. Net profit attributable to Centene rose to $82.6 million, or $1.36 per share, in the quarter ended Sept. 30, from $49.4 million or 87 cents per share.
Some of Tuesday's midday movers:
The largest U.S. pharmacy benefit manager, Express Scripts, is cutting back on compounded medications, saying most are ineffective or overpriced.
Shares of WellCare Health Plans and Centene surged Tuesday on speculation that one of the two Medicaid insurance providers could be acquired.
Take a look at some of Tuesday's midday movers:
WellPoint bet big Obamacare, and investors expect the nation's largest provider of Blue Cross plans to report large membership gains.
The widely believed notion in the market that Obamacare would be bad for insurance stocks has been the wrong call, said Barclays health-care analyst Joshua Raskin
For the first time, White House officials identified a key flaw crippling Obamacare enrollment on the HealthCare.gov website.
Love it or hate it, Obamacare has the potential to boost health insurance stocks in a big way going forward. Molina and WellCare are two possible winners.
Companies with the lowest cost structures will likely do well, Josh Raskin says.
It is shaping up to be the worst cold and flu season in about ten years, with more than 40 states reporting widespread influenza doctor visits and hospitalizations.
How everyone will deal with the effects of Obamacare in 2013.
FRANKFORT, Ky.-- A Medicaid managed care provider has filed a lawsuit against Kentucky, alleging that state officials provided incorrect information that led to $120 million in losses in the first 11 months of its contract. The Medicaid provider had announced last week that it would exercise its right to end the contract effective July 5, 2013.
Centene Corp. said Tuesday it is suing Kentucky, a state that has generated heavy losses for the Medicaid coverage provider, as it reported an 87 percent plunge in third-quarter earnings. Centene said it filed a lawsuit against Kentucky over the state's "failure to completely and accurately disclose material information."
Shares of Centene Corp. soared Wednesday after the health insurer said it will end a contract to administer Medicaid coverage in Kentucky that had hampered its performance. A Centene official said in a brief statement that they "do not believe there is a viable path to a sustainable managed care program in Kentucky."