Molina Healthcare is no longer buying Chicago-based Medicaid managed care plan NextLevel Health. “The health insurance companies are no longer negotiating and have decided to call off steps towards a merger,” according to a memo NextLevel sent this month to healthcare providers and which was obtained by Crain’s. “Providers can continue to see NextLevel Health patients and submit their claims as normal.” The memo did not say why the deal fell through. Molina and the Illinois Department of Healthcare & Family Services, which oversees Medicaid, did not immediately respond to requests for comment.
Read the full article: Molina Healthcare’s Purchase of Medicaid Managed Care Provider Falls Through //
Source: https://www.modernhealthcare.com/insurance/molina-healthcares-purchase-medicaid-managed-care-provider-falls-through