Medicaid managed care plans popped with more than $33M in liquidated damages last year
The Florida agency that oversees Medicaid imposed more than $33 million in sanctions against the health plans responsible for providing coverage in the past fiscal year.
Data culled by the Agency for Health Care Administration (AHCA) shows that as of June 28, the agency took 288 final actions during the fiscal year that started on July 1, 2023. All but one of those final actions resulted in liquidated damages, totaling $33.2 million.
Even though Medicaid is financed through state and federal tax dollars, the bulk of the program is run through privately held companies that have contracts with the state to offer Medicaid coverage.
The AHCA data shows that Sunshine Health had the most final act...
