Health Insurance Forum

Health Insurance Plans In Georgia

by mahir on 16/07/10 at 6:37 am

Citigroup, Inc (NYSE: C) analysts initiated reporting on shares of Centene (NYSE: CNC) with a acquire ranking and a $27.00 price aim.  The analysts wrote, “A important portion of Centene’s income was up for bid in the primary half of 2010, but the next six months look better, as none of the company’s accessible contracts are up for renewal, and Centene has an chance to get bigger its business through the Illinois ABD RFP, among others.
Centene business is a multi-line health care corporation. The Company deals in two industry segments: Medicaid Managed Care and Specialty Services. The Medicaid Managed Care segment provide Medicaid and Medicaid-related health plan exposure to persons through government subsidized programs, as well as Medicaid, the State Children’s Health Insurance Plans in Georgia (CHID), Foster Care, Medicare Special Needs Plans and the Supplemental Security Income Program, also recognized as the Aged, Blind or Disabled Program (ABD).
Centene is as well probable to race for the New Mexico behavioral health RFP, though the likelihood of achievement for this chance isn’t as great…We think better plans will look to merge the Medicaid industry…Centene trades at a comparatively low P/E, mainly when accounting for its important cash balance.”
The health strategy in Florida, Georgia, Indiana, Ohio, South Carolina, Texas and Wisconsin are built-in in the Medicaid Managed Care segment. The Specialty Services segment provides specialty services, as well as behavioral health, individual health insurance, life and health management, long-term care programs, managed vision, telehealth services, and pharmacy benefits management to state programs, healthcare organizations, employer groups and other commercial organizations.