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AMERIGROUP Provides Status on Tennessee Rate Increase and Effect on 2008 Guidance
Date:6/10/2008

nings Call

AMERIGROUP is scheduled to report its earnings for the second quarter ended June 30, 2008, after the market closes on Wednesday, July 23, 2008. At 9:30 a.m. Eastern Time on Thursday, July 24, 2008, AMERIGROUP's management will host a conference call and webcast to discuss earnings and other information. Additional information on this call, including access numbers, will be available later in the month.

About AMERIGROUP Corporation

AMERIGROUP Corporation, headquartered in Virginia Beach, Virginia, improves healthcare access and quality for the financially vulnerable, seniors and people with disabilities by developing innovative managed health services for the public sector. Through its subsidiaries, AMERIGROUP Corporation serves approximately 1.7 million people in the District of Columbia, Florida, Georgia, Maryland, New Jersey, New Mexico, New York, Ohio, South Carolina, Tennessee, Texas and Virginia. For more information, visit http://www.amerigroupcorp.com.

Forward-Looking Statements

This release is intended to be disclosure through methods reasonably designed to provide broad, non-exclusionary distribution to the public in compliance with the Securities and Exchange Commission's Fair Disclosure Regulation. This release contains certain ''forward-looking'' statements related to expected 2008 earnings which are subject to numerous factors, many of which are outside of our control, including the levels and amounts of membership, revenues, organic premium revenues, rate increases, operating cash flows, health benefits expenses, medical expense trend levels, our ability to manage our medical costs generally, seasonality of health benefits expenses, selling, general and administrative expenses, days in claims payable, income tax rates, interest rates, actions by the Federal Reserve, including changes in the Federal Funds Rate, our ability to enter into new markets or
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SOURCE AMERIGROUP Corporation
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