Disconnect Between Medicaid Rates, Acuity Widens In Q2, MCOs Report

Several key publicly traded health insurers, including Centene, Molina, CVS Health and Elevance, told investors that as the Medicaid redeterminations wind down the delta between the funding they get from states and Medicaid expenditures widened during the second quarter, mostly due to the sicker risk pools. Most executives expect their Medicaid business to be rebalanced by year end -- and have also been buoyed by people rolling over into their increasingly profitable exchange portfolios. “Medicaid seems to be a bit...