Forbes April 26, 2024
Centene reported first quarter profits of $1.1 billion as membership and premium revenue grew thanks to a big increase in Obamacare enrollment, the health insurer said Friday.
Centene, which sells an array of government subsidized health insurance including individual commercial coverage under the Affordable Care Act known as Obamacare, said total managed care membership held steady at 28.42 million at the end of the first quarter of this year, compared to 28.45 million at the end of the first quarter of 2023.
Centene’s enrollment in individual coverage under the Affordable Care Act, also known as Obamacare, grew what Centene calls its “commercial marketplace” business to 4.3 million members from 3 million a year-ago. That increase of more than one...
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