UnitedHealthcare official confirms Medicaid losses - KWWL - Eastern Iowa Breaking News, Weather, Closings

UnitedHealthcare official confirms Medicaid losses

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DES MOINES (AP) -

A representative for one of the insurance companies overseeing Iowa's newly privatized Medicaid program says it has lost money during the system's implementation.

Kim Foltz, CEO for UnitedHealthcare's Iowa operations, cited information in a new quarterly report in telling a legislative oversight committee on Monday at the Iowa Capitol that the company has lost money. She later declined to provide specific information on a dollar figure.

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.

AmeriHealth Caritas and Amerigroup, the other companies, filed reports recently showing losses in the tens of millions of dollars in the first six months.

UnitedHealthcare did not break down those costs in its filing.

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