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Here are today’s top business headlines from across Missouri:
This week, Missouri transferred the state-run health coverage of about 240,000 low-income adults and children to managed care plans run by three companies: WellCare, Centene Corporation and United Health Group. The move is part of an increasing privatization of Missouri’s Medicaid program, MO HealthNet. Legislators call it a cost-saving measure that improves efficiency in health care. Critics say the transfer happened too quickly, putting patient health at risk. Read more
Transportation by road, rail and river has been disrupted and businesses are bracing for flooding that could eclipse levels seen in late 2015 as heavy rain continues across much of Missouri. Businesses in communities along the Meramec River, on the outskirts of St. Louis, spent Tuesday prepping for the possibility of worsened flooding Wednesday and Thursday. Volunteers stacked sandbags along streets, and business owners closed up shops. Read more
St. Louis-based Post Holdings Inc. would likely be among those interested in buying the food business of Reckitt Benckiser Group PLC, maker of French’s mustard and a host of other branded products, according to people familiar with the matter. The sale of the business may begin as early as this month, the people said, asking not to be identified as details aren’t public. Read more
Supporters of Missouri’s “right-to-work” law are coming together to raise money to fend off attacks on the new law. Liberty Alliance attorney Edward Greim said the political action committee’s goal is to support the law banning mandatory union fees, which is set to take effect in August. Union opponents are trying to derail the law by putting it to voters and attempting to undo it by changing the Missouri Constitution. Read more
Tension is boiling over in the Missouri Senate after a group of lawmakers stalled action on all bills this week and demanded a debate over whether nonprofit organizations, including one formed to promote Gov. Eric Greitens’ political agenda, should be forced to disclose their donors. For more than an hour Monday, the Senate stood at ease as a group of senators, most of them Republican, worked behind the scenes to push for comprehensive ethics reform, which they argue should take precedence over other items on the Senate’s to-do list. Read more
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