Companies Bid for FL Medicaid Contracts
Eleven insurance companies responded to the Florida Agency for Healthcare Administration's request for bids to participate in a statewide Medicaid managed care program.
The federal government has yet to approve Florida’s request for a waiver for the program. As Health News Florida reported, state lawmakers believe it will be approved, based on a letter from Centers for Medicare & Medicaid services.
According to analysis from Stifel, five companies bid on all 11 regions: Centene, Coventry, Humana, UnitedHealthcare and Wellcare. Molina and Freedom submitted bids in eight regions, while AmeriGroup (a subsidiary of WellPoint) bid in seven.
The companies are competing for about 3 million current Medicaid enrollees.
Each region has at least one company interested; the most competition is for the region that includes Broward County, where 10 companies and three provider-service networks submitted a bid.