Ohio Medicaid director owned stock in companies she awarded contracts to

Ohio Medicaid Director Maureen Corcoran owned at least $1,000 worth of stock in three healthcare companies in 2021, the same year she negotiated and signed billion-dollar contracts with their subsidiaries, the Ohio Capital Journal reported May 17. 

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. 

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