UCare making big comeback in public health insurance programs
The state
The re-emergence of UCare is the latest twist in a story line that dates to
"UCare is going to be an option in most of those counties," said
To find new health plan options for enrollees,
Not all enrollees will have to switch to UCare, since they will have other health plan choices depending on the county where they live. But it looks as if a large number might wind up with UCare, since amended contracts with
If UCare picks up a large share of
"We are pleased to return in a significant way to state public program participation," said
For decades,
In response,
The contracts announced in
In describing the contract changes Thursday, Moracco of
In many cases,
In addition, the state will pay for some temporary transition costs.
"There is a temporary adjustment reflecting the required resources for moving that population," Moracco said. "That's not built into the base rate."
To find replacements for
But he argued the extra sum is less than the pay increases that
One proposal would have added at least
"The state can use selective offers to portray this as a victory, but it's a failure," said
Of the
The state will cover
The competitive bid results in 2015 transformed UCare from being the largest managed care organization in the public insurance programs to one of the smallest.
Losing the state contract cut the HMO's revenue in half and UCare wound up eliminating 250 jobs.
The HMO division at
But by November, both HMOs were complaining about financial losses with the new contracts.
On
In January, the HMO said it would eliminate 100 jobs as a result.
Twitter: @chrissnowbeck
___
(c)2017 the Star Tribune (Minneapolis)
Visit the Star Tribune (Minneapolis) at www.startribune.com
Distributed by Tribune Content Agency, LLC.
Guidewire Wins Three Celent XCelent Awards for Claims Management
Data on Medicare and Medicaid Discussed by Researchers at Louisiana State University (Bone fracture nonunion rate decreases with increasing age: A…
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News