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-6.37592450904801E-05 -0.00012751849018096 -0.00102014792144859 -0.000765110941086486 0.000127518490181141 0.000127518490181141 0.000127518490181141 0.000127518490181141
Stock impact report

Kansas denies UCare's bid for Medicaid contract [Yahoo! Finance]

Centene Corporation (CNC) 
Last centene corporation earnings: 4/28 06:00 am Check Earnings Report
US:NYSE Investor Relations: centene.com/investors.html
Company Research Source: Yahoo! Finance
In results announced this month , Kansas officials gave low marks to the Minneapolis-based HMO's bid on a contract to manage care for beneficiaries within the state's Medicaid program. They recommended contract awards for Minnetonka-based UnitedHealthcare, a division of Missouri-based Centene Corp., and a partnership between two Blue Cross and Blue Shield health insurers. UCare's bid for growth in Iowa suffered a similar fate in August 2022, when state Medicaid officials opted to hire two for-profit health insurance companies , rather than the nonprofit UCare. "We are disappointed by the KanCare results, but knew that competing against established plans in Kansas would be extremely challenging," UCare said in a statement to the Star Tribune. "In our view, every [request for proposals] opportunity is a valuable learning experience and building block for eventual success." With nearly 1,200 employees, UCare is Minnesota's fifth largest nonprofit group. The insurer was founded in Show less Read more
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