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The U. We did this deal no matter what and decided to do it no matter what the Supreme Court decided. There are 9 million such people in the U. States seeking to cut Medicaid costs are also increasingly turning to insurers to manage their existing programs, opening up new sources of revenue for the companies.
The acquisition should be completed in the first quarter of , the companies said. WellPoint will pay with cash on hand, commercial paper, and by selling new debt. UnitedHealth Group Inc. Medicaid is the joint state-federal program for the poor, while Medicare serves the elderly and the disabled.
Sign up for the California Politics newsletter to get exclusive analysis from our reporters. You may occasionally receive promotional content from the Los Angeles Times. Bloomberg delivers business and financial information, news and insight around the world. All Sections. About Us. B2B Publishing. Business Visionaries. Smaller Medicaid players gained on speculation that they will soon be snapped up. Wellcare Health Plans Inc was up The U. But the Supreme Court ruling allowed states to choose whether to participate in the Medicaid expansion.
Several Republican governors who opposed the law - including those in Texas, Florida and Louisiana - say they will not take steps to implement it, hoping November elections bring enough Republican wins to repeal it.
The law takes full effect in They cited a longstanding trend of government-backed health plans being moved to private companies to hold down costs. WellPoint may also gain an advantage in providing coverage to so-called dual-eligibles, or some 9 million Americans who meet the criteria for both Medicaid and the Medicare program for the elderly whose care is moving to the private sector, analysts said.
In addition to the Department of Justice, state insurance regulators will have to sign off on the buyout. WellPoint expects to close the Amerigroup deal in the first quarter of , financed with existing cash, commercial paper and new debt.
|Wellpoint buys amerigroup||Standard Digital includes access to a wealth of global news, analysis and expert opinion. Hospitals need a battle plan for end of Medicaid's continuous coverage. Industry analysts expect it to kick off a new wave of acquisitions among insurers. Payers: Data is key for Transparency in Coverage requirements. Court rules transgender care and transition infringes on religious freedom. Physicians would rather leave than wellpoiny for Envision, doctor says. The companies announced the deal on Monday, just a week and a half after the Read article.|
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WebJul 9, аи Health insurer WellPoint is buying Amerigroup for $ billion in cash, bringing together two major managed-health-care companies, David Benoit reports on . Webquodsoftware.com MDAGP-CD September Introducing Wellpoint in On January 1, , Amerigroup Community Care in Maryland will . WebWith Wellpoint, you get all of your HealthChoice (Medicaid) benefits, including: Doctor visits | Prescriptions | Dental | Vision Plus, we give our members extras to make living healthy .