A suspended Medicaid program in North Carolina could dock $500 million from Centene's revenues next year, the health insurer said in its 2020 guidance.
The start date of North Carolina's managed Medicaid program has been delayed from Feb. 1, 2020, to Oct. 1, 2020. Among several issues, conflict of interest claims have muddied the billion-dollar contracts. In October 2019, the North Carolina Department of Health and Human Services asked a state tribunal reviewing how it awarded contracts for its managed Medicaid program to reject claims that its process was influenced by conflicts of interest.
After including the expected revenue reduction, Centene projects its total revenues will be between $78.6 billion and $79.4 billion in 2020.