Iowa Medicaid companies report losses in first half of 2016

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Two of the three private companies managing Iowa’s Medicaid program say they’ve lost tens of millions of dollars so far, The Des Moines Register reported. New reports filed with the state show that AmeriHealth Caritas ran a $42.6 million deficit on its Iowa operations in the first six months of 2016. Amerigroup reported it lost $66.7 million. The third Medicaid management company, UnitedHealthcare, did not break out its Iowa results in its report. The three companies took over administration of Iowa’s $4 billion Medicaid program on April 1. 

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