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Blue Chip Growth

Stock Report: () Report Updated: Oct 27, 2014 | Print This Page

Get more stock ratings by Louis Navellier

(AGP)

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Stock Analysis

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Company Profile

AMERIGROUP Corporation operates as a multi-state managed healthcare company. It focuses on serving people, who receive healthcare benefits through publicly funded health care programs, including Medicaid, Children’s Health Insurance Program (CHIP), Medicaid expansion programs, and Medicare Advantage. The company’s Medicaid program makes federal matching funds available to various states for the delivery of healthcare benefits to eligible individuals, as well as allows each state to establish its own eligibility standards, benefits package, payment rates, and program administration under broad federal guidelines. It also provides CHIP, a federal and state funded program that offers health care coverage to children covered by Medicaid or other insurance programs; Temporary Assistance for Needy Families, a program that provides assistance to low-income families with children; and Supplementary Security Income, a federal income supplement program, which offers assistance to aged, blind, and disabled individuals who have little or no income. In addition, the company offers FamilyCare, a Medicaid expansion health insurance program created to help low income uninsured families, single adults, and couples without dependent children obtain affordable healthcare coverage; and offers Medicare Advantage, a federal program that provides health care coverage primarily to individuals age 65 or older, as well as to individuals with certain disabilities. AMERIGROUP offers its healthcare services through contracts with primary care physicians, specialists, hospitals, and ancillary providers. As of December 31, 2011, it provided an array of products to approximately 2,024,000 members in Texas, Georgia, Florida, Tennessee, Maryland, New Jersey, New York, Nevada, Ohio, Virginia, and New Mexico. The company was formerly known as AMERICAID Community Care. AMERIGROUP Corporation was founded in 1994 and is headquartered in Virginia Beach, Virginia.

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