In recent years, McKinsey billed companies that provide managed care more than $200 million, making it one of the firm’s most lucrative sectors. Moreover, four of the seven companies that won parts of the $63 billion Medicaid contract were later acquired by McKinsey clients. And a fifth, the parent company of Blue Cross and Blue Shield of Illinois, was McKinsey’s landlord in downtown Chicago. When McKinsey leased three upper-level floors in a building owned by the insurer, Crain’s Chicago Business called it a big win for the insurance company, which had “a hefty investment to recoup” in the
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