Healthcare DIVE April 15, 2024
Meanwhile, Centene, Elevance and Humana held onto statewide contracts.
Dive Brief:
- Florida released long-awaited Medicaid contract awards on Friday, retaining Centene, Elevance and Humana as sole holders of market share in every state region while slicing UnitedHealth, CVS and Molina out of the state.
- Analysts said the awards were particularly beneficial for Medicaid giant Centene, which currently has the largest market share in Florida and was seen to be at risk of losing penetration.
- The contract loss isn’t expected to materially affect the earnings of UnitedHealth, CVS and Molina, though the insurers could still challenge the results. Florida’s contract runs six years and is expected to begin in October.
Dive Insight:
Stakeholders were watching the Sunshine State closely,...
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