Oklahoma medical groups sue to stop Medicaid privatization
February 12, 2021 GMT
OKLAHOMA CITY (AP) A group of Oklahoma medical organizations filed suit Thursday seeking to stop Gov. Kevin Stitt from privatizing much of the state’s Medicaid program.
The Oklahoma State Medical Association, Oklahoma Dental Association and other state medical groups filed a petition that asks the state Supreme Court to weigh in.
They argue that the Oklahoma Health Care Authority proceeded with the plan without the legislative approval required to fund the proposal.
“Converting the lions share of the state’s Medicaid system to one primarily administered not by the agency, but rather insurance companies, is a matter of great public interest, especially in light of the acute health care challenges associated with the current pandemic already confronting citizens and medical providers,” the lawsuit asserts.
Centene Corporation Reports 2020 Results 2020 Full Year Diluted EPS of $3.12; Adjusted Diluted EPS of $5.00
News provided by
Share this article
Share this article
ST. LOUIS, Feb. 9, 2021 /PRNewswire/ Centene Corporation (NYSE: CNC) announced today its financial results for the fourth quarter and year ended December 31, 2020, reporting diluted (loss) earnings per share (EPS) of $(0.02) and $3.12, respectively, and Adjusted diluted EPS of $0.46 and $5.00, respectively.
In summary, the 2020 fourth quarter and full year results were as follows:
2020 Results
(1)
$
$
5,503
(1) A full reconciliation of the Adjusted SG&A expense ratio and Adjusted diluted EPS are shown on page seven of this release. 2020 was a year when Centene demonstrated the strength of our diversified enterprise and our operational excellence as we delivered strong top- and bottom line growth while supporting all our stakeholders. said Michael F. Neidorff, Chairman, President and Chief Executive O
Oklahoma State Medical Association to challenge state s Medicaid managed-care program
Getty Images
The Oklahoma State Medical Association on Tuesday said it plans to seek a court injunction against the state s recently announced $2.1 billion Medicaid managed-care program.
The association plans to challenge the Oklahoma Health Care Authority s decision to allow UnitedHealthcare, Blue Cross and Blue Shield of Oklahoma, Humana Healthy Horizons and Centene Corp. subsidiary Oklahoma Complete Health to manage Medicaid benefits for the state s 903,000 enrollees come Oct. 1. The initiative, named SoonerSelect, covers lower-income adults, Temporary Assistance for Needy Families and the Children s Health Insurance Program.
The group said it takes issue with private companies operating the state s Medicaid program, rather than the Health Care Authority. Through SoonerSelect, the state will pay private insurers under a capitated payment model, offering payers a set fee per enrollee to coor
Oklahoma Gov. Kevin Stitt pledged to work with lawmakers and tribal leaders to reach consensus on the top issues affecting Oklahoma’s economy during his State of the State address – signaling what may be a shift in tone after waging public battles over his tendency to make policy decisions unilaterally. Stitt instead directed his animosity toward the federal government, which he accused of overreaching in its power in order to stifle Oklahoma business. Stitt declared his response to the COVID-19 crisis and efforts to keep businesses open throughout the pandemic a success that is the envy of other states.
Gov. Kevin Stitt started the day on Feb. 1 with a recap of his administration’s accomplishments during the previous year before presenting an $8.3 billion executive budget proposal. Stitt’s proposed budget is a little more than last year’s $7.8 billion budget, but spends less than the funds available to the Legislature while investing in targeted economic development incen