KanCare costs contractors millions
The three main KanCare contractors all lost money in their first year of managing health care for 380,000 Kansas Medicaid enrollees according to a recent article from the Kansas Health Institute.
The trio received cash infusions from their parent companies allowing them to meet their obligations and stay solvent.
Gov. Sam Brownback released the draft report from the federal Centers for Medicare and Medicaid Services this week. During a press conference, Brownback described his plan to reduce the waiting list for in-home Medicaid services using money from “KanCare dividends” the state has received.
Exact losses were not given, but references to reports filed with the National Association of Insurance Commissioners showed a collective net loss of more than $110 million.