WELLCARE HEALTH PLANS INC
SymbolWCG

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WellCare To Resume Medicare Marketing and Sales

2009-11-04 06:30 ET - News Release


Company Website: http://www.wellcare.com
TAMPA, Fla. -- (Business Wire)

WellCare Health Plans, Inc. (NYSE: WCG) today announced that the Centers for Medicare & Medicaid Services (“CMS”) released the Company from the previously disclosed sanctions, except as noted below. The Company will resume marketing its Medicare Prescription Drug Plans and Medicare Advantage coordinated care plans over the coming days. The enrollments will be effective beginning January 1, 2010. The Company intends to reinitiate marketing over the next several months in a measured fashion and has been notified by CMS that it will be subject to heightened regulatory monitoring during the upcoming open enrollment periods.

“We are pleased that CMS has recognized the significant improvements we have made across the Company,” said Heath Schiesser, WellCare’s president and chief executive officer. “Providing Medicare beneficiaries access to quality health care and ensuring the satisfaction of the members, providers and government clients we serve are top priorities for WellCare.”

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