Here are four things to know:
1. The five winners are Aetna, Humana, Molina Healthcare, UnitedHealthcare and WellCare. Anthem and Passport Health Plan are among the insurers that lost their bids.
2. Aetna was also selected to manage benefits for children in Kentucky’s foster care program and the Department for Juvenile Justice.
3. The contracts are worth $8 billion a year, and cover about 1.4 million people, according to the Courier Journal.
4. The contracts include a focus on quality measures, increased transparency, strengthened reporting and oversight requirements, and pharmacy program changes, according to state officials.
More articles on payers:
UnitedHealth CEO questioned on network, reimbursement changes by lawmaker
Payment ‘recalibration’ ahead for insurers, BCBS Association exec says
Highmark BCBS premium notice error sparks state action
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
