KanCare companies lose $170 million in first two years

TOPEKA – The three companies that comprise Kansas’ Medicaid system lost millions of dollars last year but not as much as the year before.

The Topeka Capital-Journal reports Amerigroup, Sunflower Health Plan and United Healthcare lost a combined $52 million in 2014 after losing roughly $116 million in 2013.

Of the managed care organizations operating under KanCare, United Healthcare fared the best last year with only $1.5 million in losses. Amerigroup lost $16 million and Sunflower lost about $35 million.

The Legislative Oversight Committee received the figures on Tuesday. Kansas Department of Health and Environment health care finance director Mike Randol made a presentation summarizing the information.

Randol says the organizations lost a total of about $170 million in the past two years.

This story was originally published April 29, 2015 at 7:43 AM with the headline "KanCare companies lose $170 million in first two years."