30 US States Pause Medicaid Disenrollment Due To Technical Glitch
Portfolio Pulse from Vandana Singh
The U.S. Department of Health and Human Services (HHS) has instructed 30 states to pause disenrollments from their Medicaid and Children's Health Insurance Program (CHIP) programs due to a technical glitch. The glitch, which was discovered in August, has led to the loss of coverage for nearly 500,000 children and other individuals. The pause in disenrollment is seen as a modest positive, likely reducing the number of disenrolled beneficiaries. This development may benefit Managed Medicaid organizations and Evolent Health Inc (NYSE:EVH).
September 22, 2023 | 11:56 am
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Evolent Health Inc (NYSE:EVH) may benefit from the pause in Medicaid disenrollments caused by a technical glitch. The pause is likely to reduce the number of disenrolled beneficiaries, which could positively impact Evolent Health's business.
The pause in Medicaid disenrollments is expected to reduce the number of disenrolled beneficiaries. As a Managed Medicaid organization, Evolent Health Inc could see an increase in the number of beneficiaries, which could lead to increased revenues and a potential positive impact on its stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80