Centene

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WellCare

The multibillion-dollar merger between Tampa-based WellCare Health Plans and Centene Corp. closed on Thursday after meeting all regulatory requirements, the managed-care companies announced.

Stockholders Back Merger Of Tampa-Based Wellcare, Centene

Jun 25, 2019
WellCare sign denoting building
WellCare

Stockholders of Tampa-based WellCare Health Plans, Inc., and Centene Corp. approved a proposed merger between two of the largest players in Florida’s Medicaid managed-care program, the companies said Monday. 

Tampa-based WellCare Health Plans may soon merge with a St. Louis-based company to create one of the biggest insurers in the country.

But that means the loss of headquarters for one of the Tampa Bay area's top public companies.

Centene To Buy Tampa-Based WellCare For $15B

Mar 27, 2019
WellCare sign denoting building
WellCare

Centene is spending more than $15 billion on rival WellCare to dive deeper into government-funded health coverage in the same week that President Donald Trump's administration renewed its attack on the Affordable Care Act. 

Centene

Centene announced it will offer health insurance plans on Florida's Affordable Care Act exchange for the first time, joining Florida Blue and Molina, who will also remain in the market. This week's news comes as several insurers have pulled out of the exchange amid uncertainties about subsidies and other changes under a Republican replacement.

WellCare sign denoting building
WellCare

WellCare Health Plans has made an offer for the Medicare Advantage insurance plans that Aetna plans to shed, according to Reuters.

A report from analyst firm Stifel says Florida has added four more Medicaid managed care contracts in addition to the two insurers, Centene and WellCare, that were awarded contracts in September. 

In October, the state gave contracts to Aetna, Amerigroup, UnitedHealth and Molina.

Three companies stand out as major winners in Florida’s competition for contracts in the Statewide Medicaid Managed Care Program for Long-Term Care, a market worth an estimated $3 billion.

They are American Eldercare, Sunshine State Health Plan and UnitedHealthcare of Florida.

American Eldercare -- a little-known Delray Beach firm that specializes in caring for seniors in independent living, assisted living and rehab centers, as well as in their homes --  is the only company that won contracts to enroll customers in every region of the state.