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AMERIGROUP Corporation's Chairman and CEO Appointed to AAHP Board of Directors

(EMAILWIRE.COM, June 20, 2001 ) VIRGINIA BEACH, Va.--The American Association of Health Plans (AAHP) has appointed Jeffrey L. McWaters, CEO and chairman of AMERIGROUP Corporation, to its board of directors. McWaters will join 41 nationally-recognized leaders in the health plan community to provide overall leadership within the association for its public policy, advocacy, education, community and quality of care activities.

"We are pleased that Jeff McWaters has agreed to serve on our board," said AAHP board chair Anthony L. Watson. "Jeff is a dedicated advocate on the national scene for the health plan community, and he plays an important role in our association's activities. His leadership skills and understanding of the private sectors' role in providing coverage for people in public programs are particularly valuable assets for us."

McWaters’ appointment is for a two-year term, concluding in 2003. He previously served on AAHP’s Policy Board.

“I look forward to working with my fellow board members to help ensure healthier tomorrows for Americans,” said McWaters. “With more than 43 million uninsured, I intend to focus my energies on helping to provide our nation’s most vulnerable citizens with access to a medical home.”

With more than 20 years of managed care experience, McWaters has proven himself as a leader in organizing patient-focused service companies. In 1994, he founded AMERIGROUP Corporation and established a new niche in the managed care industry, health care coverage focused solely on lower-income and uninsured families and persons with disabilities. Under his leadership, AMERIGROUP has grown to a multi-state operation with nearly 400,000 members.

Prior to AMERIGROUP, McWaters served as president and CEO for Options Mental Health (now Value Options). In this capacity, he developed Options into a national behavioral health managed care company serving millions. He formerly held senior executive positions with CIGNA Healthcare and EQUICOR, where he developed or operated 33 separate HMOs nationwide over a 14-year period. His career began as a health care auditor with Ernst & Young.

McWaters currently serves on the Boards of Psychiatric Solutions, Inc. and America Services Groups, Inc. (NASDAQ: ASGR). He is also actively involved with the Boards of International Students Inc., William & Mary, School of Business Administration, Monarch Bank and Envest Capital.

In 2000, Virginia Governor James Gilmore appointed him to the Board of Visitors for the College of William and Mary. McWaters was named the 1999 Ernst & Young Entrepreneur of the Year for Virginia.

He earned his bachelors of science in accounting from the University of Kentucky. McWaters currently resides in Virginia Beach, Va.

The American Association of Health Plans (AAHP) is the largest national trade organization representing more than 1,000 health maintenance organizations (HMOs), preferred provider organizations (PPOs), and other similar health plans that provide health care coverage to more than 140 million Americans.

By working to create a difference in the lives of the communities it serves, AMERIGROUP has become one of America’s leading health care coverage companies dedicated to helping lower-income families and people with disabilities live healthy lives. The company operates health plans in four states and the District of Columbia and serves approximately 395,000 Members, of which nearly 75 percent are children. Visit www.amerigroupcorp.com for more information.

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