HMO Index Sees Worst Selloff in 8 Months
By: Kristen Scholer
Lilli Day | Photodisc | Getty Images
Healthcare cost
The Morgan Stanley Healthcare Payors Index is having its worst day in eight months on news Ohio will not renew contracts to four current Medicaid providers: Molina Healthcare , Centene Corp., WellCare Health Plans and Amerigroup Corp. .
Ohio instead selected health plans of Aetna, UnitedHealth Group, and three private companies — CareSource, Meridian Health Plan, and Paramount Advantage — to run the state’s Medicaid programs effective Jan. 1, 2013.
MOH and CNC, two managed-care companies that collect a hefty portion of their revenue from Ohio, are hurting the most Monday, plunging even further after being downgraded to neutral from positive by Susquehanna.
The Morgan Stanley Healthcare Payors Index is having its worst day in eight months on news Ohio will not renew contracts to four current Medicaid providers.
