Alternative Headline: Superior Invests $18M in OTC Benefits
[MM Curator Summary]: Superior HealthPlan spent $18 million over four years on OTC benefits for Medicaid and CHIP members across Texas.
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Superior HealthPlan, a leading managed care organization in Texas and a company of Centene (NYSE: CNC), announced today it invested $18 million in over-the-counter (OTC) items, a Value-added Service (VAS), for members enrolled in either Medicaid or Children’s Health Insurance Program (CHIP) from 2020 through 2024. Value-added Services are extra benefits that help provide additional support for low-income families and individuals across all 254 Texas counties.
"The extra benefits we provide our members are critical in supporting their overall health and well-being," said Mitch Wasden, CEO of Superior HealthPlan. "Over the years, we’ve learned how impactful these over-the-counter items can be to the families we serve, and we’re proud to be able to help them fill this need."
“As a Superior HealthPlan Value-added Service,” read this morning’s news release, “STAR, CHIP, STAR Kids, STAR Health, and some STAR+PLUS members can receive either $25 or $30 for commonly used OTC items every quarter, per member.These include hundreds of items, such as:
•Digestive health products
•Eye, ear, and oral care products
•Household cleaning supplies
•Personal hygiene products
•Sun care supplies.”
For more than 25 years, Superior HealthPlan has offered high-quality health care to Texans, and is now a leading managed care company providing services to 2 million people. Committed to transforming the health of the communities we serve, one person at a time, Superior supports active local involvement in all 254 Texas counties with 3,500 employees throughout the state
CNC shares fell 18 cents to $26.03.
https://www.baystreet.ca/stockstowatch/21342/Cenetene-Arm-Invests-in-OTC-Shares-Drop
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