IA Health Link, the name for Iowa’s privately managed Medicaid program.(Photo: Iowa Department of Human Services)A representative for one of the insurance companies overseeing Iowa’s newly privatized Medicaid program said Monday the company has lost money during the system’s implementation, but declined to say exactly how much.Kim Foltz, CEO for UnitedHealthcare’s Iowa operations, cited information in a new quarterly report in telling a legislative oversight committee at the Iowa Capitol that the company has lost money. The confirmation means all three insurance companies that run Iowa’s health care program for more than 500,000 poor and disabled residents have lost money in the initial months of implementation.The new program, which supporters said would improve care and contain costs, has been under scrutiny over reports of delays in care and payments to health care providers.AmeriHealth Caritas and Amerigroup, the other insurance companies, filed reports with the state recently …
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UnitedHealthcare official confirms Medicaid losses in Iowa – DesMoinesRegister.com