CENTENE CORP FILES (8-K) Disclosing Entry into a Material Definitive Agreement - Insurance News | InsuranceNewsNet

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June 19, 2013 Newswires
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CENTENE CORP FILES (8-K) Disclosing Entry into a Material Definitive Agreement

Edgar Online, Inc.

Item 1.01 Entry into a Material Definitive Agreement

On June 18, 2013, Bankers Reserve Life Insurance Company of Wisconsin, Inc. d.b.a. Superior HealthPlan Network, a subsidiary of Centene Corporation, received executed Amendment E (Version 2.5) to the Texas Health and Human Services Commission Uniform Managed Care Contract (the "Amendment") from the Texas Health and Human Services Commission. The amendment, among other things, establishes a composite net capitation rate increase of approximately 2.9% related to the Medicaid Rural Service Area business, as well as a nominal increase in the remainder of the business in Texas. This increase covers the period from September 1, 2012 through August 31, 2013 and will be recorded during June through August 2013.

The foregoing description does not purport to be a complete statement of the parties' rights and obligations under the Amendment.

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