Tony Leys , firstname.lastname@example.orgPublished 3:09 p.m. CT March 24, 2017
Updated 5:43 p.m. CT March 24, 2017
State leaders have agreed to help private Medicaid management companies shoulder huge losses they’ve suffered in covering more than 500,000 poor or disabled Iowans, documents released Friday show.
The three national companies have complained about “catastrophic” losses on the Iowa project, which started last April. They have pleaded for the government to help them make up for about $450 million in red ink.
Department of Human Services leaders signed contract amendments in February, under which the government agreed to shoulder losses beyond a certain point, the newly disclosed memos show.
Read the full article at the Des Moines Register.