America’s biggest Medicaid insurer pledged to help build $900 million worth of housing. It’s proof that in America, you need more than medicine for good health

Fortune May 20, 2024
Marco Quiroz-Gutierrez

The nation’s largest Medicaid insurer is pledging to help build nearly $1 billion worth of affordable housing in eight states as it moves to address one of the biggest determinants of health.

Speaking at Fortune’s Brainstorm Health conference Monday, Centene CEO Sarah London said that the Centene Foundation—the insurer’s philanthropic arm—struck a multi-year partnership with affordable housing developer McCormack Baron Salazar to provide below-market loans for housing units.

The partnership will unlock $900 million in development funds and create thousands of housing units, said London. The issue of affordable housing is especially important to Centene’s members, London added.

“It’s about doing a lot with a little to do something that our members are uniquely amazing at and I think speaks...

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