U.S. health insurer Centene Corp (CNC.N) reported a better-than-expected quarterly profit, helped by lower medical costs in certain patient populations and the acquisition of rival Health Net. (Reuters)
One might say that Centene, with roots as a Medicaid managed care provider, is winning because it has brought Medicaid-type networks to the individual exchange market. (Investor’s Business Daily)
Centene offered low-premium, high-deductible plans in many areas, which appealed to the very price-sensitive consumers shopping for the ACA’s individual plans. (Modern Healthcare)
It reported a total of more than 11.5 million customers, noting an influx from the Health Net acquisition. It credits Medicaid expansion for 985,000 members across nine states.(Healthcare DIVE)
What is a Medicaid Managed Care Plan?