Nine health plans including Humana and UnitedHealthcare won five-year Florida Medicaid contracts worth tens of billions of dollars Tuesday after more than 40 plans jumped in to bid in the state's first procurement period since 2013. They are eyeing a market that could grow even more if the state expands its Medicaid program.
Florida awards Medicaid contracts as expansion speculation builds
Aetna's Coventry Health Care of Florida, Florida Community Care, Horizon Health Plan, Humana, Simply Healthcare Plans, South Florida Community Care Network, Sunshine State Health Plan, UnitedHealthcare of Florida and WellCare of Florida all received Medicaid contracts from the state, according to Florida's Agency for Health Care Administration.
Florida is considered a gold mine for Medicaid plans as it is already a managed-care-heavy state with more than 3 million people enrolled in coordinated Medicaid plans since its seismic shift away from fee-for-service. In a further push to expand Florida's managed Medicaid into the lucrative long-term care market, health officials sought bids on coordinated offerings for the 90,000 Floridians on long-term services.
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