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Stock impact report

CMS Approves Clover Health's Expansion Plans for 2022

Clover Health Investments, Corp. - Class A Common stock (CLOV) 
Company Research Source: GlobeNewswire
NASHVILLE, Tenn., Sept. 22, 2021 (GLOBE NEWSWIRE) -- Today, Clover Health (Nasdaq: CLOV) (“Clover”), a technology company committed to improving health equity for America’s underserved seniors, announces that the Centers for Medicare and Medicaid Services (CMS) has approved the company’s service area expansion to operate in 101 new counties. With this approved service area expansion beginning January 1, 2022, Clover’s Medicare Advantage (MA) plans will be available to eligible individuals in 101 new counties across Georgia, New Jersey, South Carolina, Texas, and Alabama – a new state for the company. This will bring Clover’s total coverage area for its Medicare Advantage plans to 209 counties across nine states. Individuals eligible for Medicare in any of the 209 counties can sign up for Clover’s plans during the Annual Election Period, which runs from October 15 to December 7. “With CMS’ approval of our significant expansion efforts, we will be bringing affordable Show less Read more
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