KanCare companies lose $170 million in program’s first 2 years

The state’s three KanCare companies collectively lost nearly $170 million during the first two years of the program, according to a document reviewed by an oversight committee Tuesday.

The state privatized its Medicaid services in 2013 under the KanCare umbrella. None of the three companies awarded a state contract turned a profit that year or the year after.

Sunflower Health Plan experienced the biggest losses both years, losing $35 million in net income in 2014 and $58 million the year before that.

United HealthCare came closest to breaking even in 2014 with a net income loss of $1.5 million. That comes after the company lost $27 million the previous year.

Amerigroup lost $16 million administering Medicaid services for the state in 2014, an improvement upon its loss of $31 million the year before.

This story was originally published April 28, 2015 at 4:06 PM with the headline "KanCare companies lose $170 million in program’s first 2 years."