Private health insurance companies stand to reap a bigger share of the Medicaid business as states deal with budget shortfalls and increased spending on medical care.
Illinois, North Carolina and Oklahoma are among the larger states moving more of their states’ Medicaid beneficiaries under the management of private insurers over the next two years. In addition, Florida and Mississippi are renewing Medicaid managed-care contracts with states, according to Medicaid Health Plans of America (MHPA).
