Illinois Awards Medicaid Managed Care Contracts to Six Insurers Including Humana
Illinois announced its intent to award new Medicaid managed care contracts to six health insurers: five incumbents and new entrant Humana. The contracts, each representing tens of billions of dollars in revenue over the contract period, will cover the state's Medicaid managed care program. The awards follow a procurement process and are subject to standard protest periods before final execution. This represents a significant market entry for Humana in Illinois Medicaid and continuation for existing plans in one of the nation's largest state programs.
The contract awards determine which MCOs will serve Illinois's approximately 3.5 million Medicaid enrollees and establishes the competitive landscape for one of the nation's ten largest state Medicaid programs over the next contract period.
Managed Care
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