Forbes July 23, 2019
The health insurer Centene plans to expand into 100 new counties and enter a new state – Nevada – to expand privatized Medicare coverage to seniors in 2020.
Centene is joining the parade of established health plans and startups looking to take advantage of new rules that allow Medicare Advantage plans to offer more benefits to seniors.
“We are no longer simply a Medicaid healthcare company,” Centene CEO Michael Neidorff told analysts Tuesday morning on the company’s second-quarter earnings call.
To be sure, Centene is perhaps best known for administering Medicaid coverage for the poor via contracts with states across the country. Medicaid membership was up 18% in the second quarter to nearly 8.5 million compared to the year-ago period,...
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