News Headlines Article

Health insurers migrating to Medicare, Medicaid
Modern Healthcare

Flash back a few decades and health insurers looked a lot different. Once viewed as mere claims processors for employer-sponsored plans, health insurance companies in recent years have picked up a growing number of patients who receive benefits from public health programs, including Medicare and Medicaid. For some insurance companies, these taxpayer-funded programs have become their bread and butter. 

The company that would form if Centene Corp. and WellCare Health Plans are combined as planned in a deal announced last week is just one example of how the health insurance business continues to change. Much of the attraction of buying WellCare is its Medicare Advantage experience.