Washington, D.C., awarded a $542 million Medicaid contract to health insurance startup Thrive Health Plans, as anticipated — and criticized, according to a report by the Washington Post.
The firm, licensed for just seven months and co-owned by two out-of-towners, was loudly opposed by District Council Member Vincent Orange, citing the district's current Medicaid crisis after former contractor D.C. Chartered Health Plans went into receivership and halted payments on debts to hospitals totaling as high as $60 million.
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The firm, licensed for just seven months and co-owned by two out-of-towners, was loudly opposed by District Council Member Vincent Orange, citing the district's current Medicaid crisis after former contractor D.C. Chartered Health Plans went into receivership and halted payments on debts to hospitals totaling as high as $60 million.
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Massachusetts: Medicaid Managed Care Pays Hospitals More