Anthem Wellpoint Buys Amerigroup

MedSuppPro

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Game on for the Medicaid pop.

This move also ads significant presence in 16 counties in Florida, with 257,000 members as of Dec. 31. The company had the largest Medicaid health plan membership of the eight health plans in the Tampa market. Amerigroup, headquartered in Virginia Beach, Va., also offers Medicare Advantage Plans.

Who knew that the Medicaid pop would be a high growth profit center?
 
Medicaid is good (obviously) for the "poor".

It is also good business for the claims payer. They get paid for processing claims and have no dollars at risk.
 
Amerigroup approached us for an FMO contract a few months back, glad I waited because we are already set with Anthem. I don't think we'll see much organic growth from carriers regardless of segment of Medicare they will all look to grow by acquisition.
 
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