Passport’s finances being dragged down by $220M in ‘management fees’ to Evolent Health

Passport Health Plan’s fiscal troubles, which may push the nonprofit into insolvency as soon as this summer, began even before the state changed the distribution of its Medicaid dollars last summer. In the last three years, Passport paid the publicly traded Evolent Health some $220 million in non-employee management fees, accounting for the vast majority […]