Health Care Inc.: Medicare insurers sue, Medicaid firms prosper

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What a distinction per week makesHeading into final week, issues have been trying downright bleak for the nation’s largest well being insurers. Shares had tanked on the information that Elevance was spending greater than anticipated on take care of its Medicaid members.

The clouds parted final Thursday, when Molina, an insurer with nearly 5 million Medicaid members, stated its greater Medicaid spending was partially offset by the truth that a number of states had already boosted their Medicaid funds, tweaks that carry an additional $350 million within the second half of this yr. CEO Joe Zubretsky stated “states really have acknowledged that elements of their program have been underfunded.”