Amerigroup Corporation (AGP), headquartered in Virginia Beach, Virginia, is a managed care organization focused on serving people who receive healthcare benefits through publicly sponsored programs including Medicaid, the State Children's Health Insurance Program (SCHIP), and FamilyCare. SCHIP was developed in 1997, and is a federal/state matching program that provides healthcare coverage to children not otherwise covered by Medicaid or other insurance programs. FamilyCare programs have been established in several states, including New Jersey and the District of Columbia. FamilyCare is a voluntary federal and state-funded health insurance program created to help uninsured families, single adults, and couples without dependent children obtain affordable healthcare coverage. The FamilyCare program in the District of Columbia provides services to primarily low-income pregnant women, as well as children and other adults. Amerigroup Corporation was founded in 1994 and went public in 2001. It is currently the largest and most diversified publicly traded Medicaid managed-care provider in the U.S. The company generates revenue primarily from premiums it receives from the states in which it operates for the coordination of health benefit services of its individual constituents defined as poor. The company also generates a small percentage of revenue from investment income. Amerigroup operates in Texas, New Jersey, Maryland, Illinois, Florida, and the District of Columbia. Calendar year 2003 was AGP's second full-year as a public company, and its first year trading on the New York Stock Exchange. On the competitive front, other commercial HMOs with a Medicaid presence include United Health, CIGNA, WellPoint, Aetna, Anthem, Health Net, Humana, Coventry Health Care, Mid-Atlantic, RightChoice Managed Care, and Pacificare.
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