Article
Insurers Lose $73M in Kansas in 6 Months Thanks to Medicaid
Medicaid expansion under the Affordable Care Act has been an overall success for insurers in most states that have implemented it; however, the story is different in Kansas, which switched its entire Medicaid program to a private model.
Medicaid expansion under the Affordable Care Act has been an overall success for insurers in most states that have implemented it; however, the story is different in Kansas, which switched its entire Medicaid program to a private model.
Three insurers administering the Kansas Medicaid program—Amerigroup, UnitedHealthcare Community Plan and Centene's Sunflower Health Plan—lost almost $73 million in the first 6 months of the year. And they lost a total of $110 million in 2013, reported RH Reality Check.
"These companies can't keep subsidizing Medicaid to the tune of $100 or $150 million per year, and that's what's happening," said state Rep. Jim Ward (D), a member of a KanCare oversight committee, according to Kansas Health Institute.
Read the full story at FierceHealthPayer: http://bit.ly/1rl6MKK
