Healthcare DIVE July 18, 2024
The state’s managed care organizations handle health benefits for 90% of its Medicaid beneficiaries each year.
Dive Brief:
- Rhode Island has awarded Medicaid managed care contracts to two insurers, UnitedHealthcare of New England and Neighborhood Health Plan of Rhode Island, which are estimated to be worth $3.1 billion in the first year, according to the state’s Executive Office of Health and Human Services
- The state currently has three managed care organizations: UnitedHealthcare, Neighborhood Health Plan and Tufts Public Health Plans. Tufts didn’t receive a new managed care contract.
- The new contracts, which begin July 1, 2025, will last five years, with the option to extend the deal for another five years, according to a Tuesday press release.
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