CareSource says elections results won’t stop new building plans

Nov. 10--The election of Donald Trump and his threat to repeal Obamacare could have an impact on health care companies like CareSource that provide private health plans through the federal Health Insurance Marketplaces.

The downtown Dayton-based company has grown rapidly in past years due to its plans in the ACA, but company officials said a large majority of its work does not involve the federal health care plan.

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CareSource, which employs more than 2,000 people in downtown, has multiple products serving 1.5 million members in four states.

"While we've expanded into Medicare Advantage and the Marketplace, 95 percent of our business is Medicaid, a federally and state funded program that has been around for more than 50 years. As we look ahead to 2017, our biggest growth drivers are new Medicaid contracts in Indiana and Georgia," said CareSource President and CEO Pamela Morris.

The Trump victory will not have an impact on the company's recent announcement to build a new seven-story, 250,000 square feet building that will hold 900 employees in downtown on First Street. Groundbreaking is set for 2017 and is expected to be finished sometime in 2019, company officials said.

"At CareSource, we have spent the last 27 years serving people who need access to health care. In our history we've worked with many administrations. While a new administration offers new opportunities, CareSource remains committed to our mission to help our members live healthy and productive lives," Morris said.

>>>RELATED: CareSource growing in Dayton

The nonprofit Medicaid managed care provider and commercial health insurer is one of Dayton's fastest-growing companies, and is downtown's largest employer with about 2,100 employees in four different buildings: Company headquarters at 230 N. Main St., just west of the proposed new office building; its "Ballpark Village" offices at 220 E. Monument Ave., across the street from the Dayton Dragon's stadium; call-center offices at 40 West Second St.; and recently renovated office space on the third and fourth floors of the Kettering Tower.

"Plans for the recently announced new building continue as a long-term solution to support our growth in new markets. As always, our success means continued support and investment in the city of Dayton," Morris said.

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