Chartered, which was the district-contracted Medicaid managed care plan for the city’s residents, was placed under government receivership in October and will likely be sold to the AmeriHealth Mercy Family of Cos. for $5 million, according to a Washington Post report.
The receiver, Daniel Watkins, announced the firm would suspend payments to providers for an unspecified period of time while he gathers outstanding claims and company asset information. The company’s estimated $85 million in liabilities to providers, which likely includes litigation fees and damages, is about twice as much as previous estimates, according to the report.
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