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CFO Sink Statement on Results of Healthy Kids Independent Review of WellCare

7/23/2010

TALLAHASSEE – Florida CFO Alex Sink issued the following statement following the results of an independent review she requested of WellCare’s accounting for medical expenses under the Healthy Kids contract.  The independent review has revealed that an additional $2.1 million withheld by WellCare is owed to the Florida Healthy Kids Corporation. 

“The independent review that I called for clearly shows that WellCare manipulated Florida’s Healthy Kids program and overbilled the state by millions — money that was meant to help children in need,” said CFO Alex Sink. “I have asked that Healthy Kids bring these findings to the attention of the Department of Justice and the Monitor under the WellCare Deferred Prosecution Agreement, to make sure that Florida Healthy Kids receives the payments it deserves and the scope of the scheme is fully understood.”

WellCare has entered into a Deferred Prosecution Agreement which requires their consent to a civil forfeiture of $40 million and the payment of an additional $40 million to the Florida Medicaid and Healthy Kids program.

As a statewide elected officer of the Florida Cabinet, CFO Alex Sink oversees the Department of Financial Services.  A successful business leader with nearly three decades of experience in the private sector, Sink is serving her first term as Florida's CFO.  CFO Sink's priorities include using her business experience to cut wasteful spending, holding government accountable to Florida’s taxpayers, and cracking down on financial and insurance fraud.