Washington, D.C., will likely award an annual half-billion dollars of its Medicaid business to Thrive Health Plans, an insurance startup that has been scrutinized by district officials leery of the company's short track record of just seven months of licensed operations, according to a report by the Washington Post.
Medicaid contracts are a sore subject in the district, as the former largest contract fell into arrears when health insurer D.C. Chartered Health Plan was placed into receivership after it ran into financial trouble and political scandal, announcing it would stop payments to hospitals May 1 this year while officials figured out how to pay hospitals the $45 million to $60 million the plan owes them.
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Medicaid contracts are a sore subject in the district, as the former largest contract fell into arrears when health insurer D.C. Chartered Health Plan was placed into receivership after it ran into financial trouble and political scandal, announcing it would stop payments to hospitals May 1 this year while officials figured out how to pay hospitals the $45 million to $60 million the plan owes them.
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