A proposal to move Medicaid recipients in California into managed care programs could be a big opportunity for some public managed care companies, Barclays analyst Joshua Raskin wrote in a note.
“The total managed care opportunity in California is significantly larger than our previous estimates. We now see a total of $32.1 billion of incremental managed care revenues by 2015, which is much higher than our previous estimate $14 billion (which centered solely on the Dual-eligibles [Medicare and Medicaid]).”
Migration of membership could be completed by 2015, if the proposal is approved.
The proposal is still at the legislative stage, but looks promising for HealthNet (HNT), Molina Healthare (MOH) and WellPoint (WLP) in particular, Raskin wrote.
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