Healthcare DIVE May 15, 2024
Kansas kicked CVS to the curb in favor of an Elevance plan, while awarding contracts to incumbents UnitedHealth and Centene. The contracts are worth roughly $4 billion annually.
Dive Brief:
- 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 contracts begin January 2025 and run through 2027, with the option to renew for up to two one-year extensions.
- The earnings impact on plans from the changes will be relatively small, according to analysts, though...
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