Ms. Corcoran owned stock in CVS Health, UnitedHealth and Humana, according to the report. CVS’s Aetna received a $1 billion contract to run OhioRISE, a program for children with complex behavioral health needs. UnitedHealth and Humana were two of seven companies sharing a five-year $22 billion Medicaid managed care contract in the state.
Ohio ethics rules only require officials to list all stocks they own at least $1,000 worth of in a given year, so it is unclear exactly how much money Ms. Corcoran has invested in those companies, according to the report.
An Ohio Medicaid Department spokesperson said Ms. Corcoran has complied with all laws at all times, according to the report.
Ms. Corcoran has stated she did not steer any of the Medicaid managed care contracts toward or away from any applicant, according to the report. She said she did not knowingly have any conflict of interest related to the contract.
At the Becker's 5th Annual Fall Payer Issues Roundtable, taking place November 17–19 in Chicago, payer executives and healthcare leaders will come together to discuss value-based care, regulatory changes, cost management strategies and innovations shaping the future of payer-provider collaboration. Apply for complimentary registration now.
