California’s Medicaid Plans Rake in Huge Profits; State Vows To Turn Off Spigot

California’s Medicaid health plans have made a nifty profit partly as a result of the state increasing payments to Medicaid insurers in anticipation that expansion of the program under the ACA would lure many sicker beneficiaries. But that didn’t happen, reports Kaiser Health News. The largest Medicaid health plan in the country, Centene, made $1.1 billion in profits in California from 2014 to 2016. Jennifer Kent, California’s Medicaid director, promised that the gravy train is going to stop, saying that it’s not like “these plans just made off like bandits and we’re not going to see them again…. We are very mindful we use taxpayer money.” She vows: “We’re going to be taking a lot of money back. We’re talking billions of dollars.”

Source: Kaiser Health News

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HAP, a subsidiary of Henry Ford Health System, is a nonprofit health plan providing coverage to individuals, companies and organizations. This executive develops strategies to meet membership and revenue targets through products, pricing, market segmentation and advertising.  Aligns business among Business Development, Commercial Sales, Medicare and Public Sector Programs and Product Development. Seeks to enhance and be responsible for business development and expansion through the development of an effective product portfolio, strong interpersonal relationships and service excellence.

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