HARTFORD, Conn. (AP) — Aetna Inc. will sell a Missouri Medicaid business that manages care for more than 100,000 people to fellow health insurer WellCare Health Plans Inc. due to Aetna's pending acquisition of Coventry Health Care Inc.
Terms were not disclosed.
Aetna, based in Hartford, Conn., said Tuesday that Coventry operates a Medicaid plan in Missouri called Health Care USA, and it has more than 250,000 members. A combination of that and Aetna's business, called Missouri Care, would exceed membership limits set under the state's Medicaid contracts.
Medicaid is the state and federally funded program that provides medical coverage for the needy and disabled people. States hire health insurers to manage their Medicaid populations.
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