UNH - See How Florida's Much Awaited Medicaid Re-Procurement Awards Impact Centene Humana Molina | Benzinga
Friday, the Agency for Health Care Administration announced contracts to five health plans due for the re-procurement of the Statewide Medicaid Managed Care (SMMC) program.
Florida has finally announced its long-awaited Medicaid contract awards, keeping Centene Inc (NYSE:CNC), Elevance Health Inc (NYSE:ELV), and Humana Inc (NYSE:HUM) as the only providers in each state region.
Stephens noted that Centene and Elevance Health re-procured specialty contracts (MMASC) while Centene also retained its child welfare (MMACC) contract.
This decision sidelines UnitedHealth Group Inc (NYSE:UNH), CVS Health Corp (NYSE:CVS), and Molina Healthcare Inc (NYSE:MOH) from the state’s Medicaid market. Centene stands to benefit the most, maintaining its dominant position.
The contract spans six years and is slated to commence in October.
Florida law mandates ...