ST. LOUIS, April 15, 2011 /PRNewswire/ -- Centene
Corporation (NYSE: CNC) today announced that Celtic Group's
subsidiary, CeltiCare Health Plan of Massachusetts, Inc. (CeltiCare), has renewed
its contract with the Commonwealth of Massachusetts to serve Commonwealth Care
members, effective July 1, 2011.
CeltiCare will continue to be a lowest-cost health plan option
for low-income, working adults (up to 300% of the federal poverty
level) enrolled in the Commonwealth Care program.
"CeltiCare is pleased to continue our partnership with
Massachusetts to offer low-cost,
quality healthcare to its residents," said CeltiCare President and
Chief Executive Officer Richard D.
Lynch. "We are proud to participate in this unique
'exchange-based' coverage solution that offers uninsured
individuals affordable, comprehensive healthcare options."
The financial impact of the renewal of the Commonwealth Care
contract was already assumed in Centene's 2011 financial
guidance.
About Centene Corporation
Centene Corporation, a Fortune 500 company, is a leading
multi-line healthcare enterprise that provides programs and
related services to the rising number of under-insured and
uninsured individuals. Many receive benefits provided under
Medicaid, including the Children's Health Insurance Program (CHIP),
as well as Aged, Blind or Disabled (ABD), Foster Care, long-term care, other
state-sponsored programs and Medicare (Special Needs Plans).
Centene's CeltiCare subsidiary offers states unique
"exchange-based" and other cost-effective coverage solutions for
low-income populations. The Company operates local health
plans and offers a range of health insurance solutions. It
also contracts with other healthcare and commercial organizations
to provide specialty services including behavioral health, life and
health management, managed vision, telehealth services, and
pharmacy benefits management. More information regarding
Centene is available at www.centene.com.
SOURCE Centene Corporation