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HMO Index Sees Worst Selloff in 8 Months

Healthcare cost
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.

Symbol
Price
 
Change
%Change
AET
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YAF
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CNC
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MC
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UNH
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WCG
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HUM
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WLP
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HNT
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