Three insurers score Indiana dual-eligible contract
Indiana has selected three health insurers to manage care for poor, elderly, blind and disabled people under a new four-year, $4 billion Medicaid program.
Anthem Blue Cross and Blue Shield , Managed Health Services of Indiana and MDwise won the contracts, which start April 1. Anthem Blues is a subsidiary of Indianapolis-based Anthem (until last week known as WellPoint), and MHS is a subsidiary of Centene Corp. MDwise, founded by Indiana University Health and the Health and Hospital Corp. of Marion County, is a not-for-profit plan.
The managed-care companies will receive lump-sum payments to provide coordinated care for 84,000 aged, blind and disabled Medicaid enrollees who also qualify for Medicare, a population often referred to as dual-eligibles.
Each insurer is expected to receive about $335 million in annual revenue under the contract, assuming each covers an equal amount of enrollees, said Justin Lake, an analyst with J.P. Morgan Securities.