See How Florida's Much Awaited Medicaid Re-Procurement Awards Impact Centene, Humana, Molina

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 … Full story available on Benzinga.com...

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