Healthcare Finance News February 9, 2023
The company doesn’t expect to grow MA in 2024, and it will likely shrink a little, says EVP and CFO Andrew Asher.
Medicare Advantage and Part D Star Ratings declined this year, and while that was expected, the poor showing by Centene was somewhat of a surprise, with Executive Vice President and Chief Financial Officer Andrew Asher saying during a recent earnings call that the company “has a lot of work” to do to change the star ratings around.
Only four plans received a low 2-star rating, compared to none last year in the 1–5 star rankings. All were Wellcare plans by Centene Corp., according to the star ratings list released by the Centers for Medicare and Medicaid Services.
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