Becker's Healthcare October 25, 2024
States are taking action to increase Medicaid rates, Centene executives told investors.
On Oct 25, the company reported third-quarter earnings of $713 million, up 52% since the same period last year.
Centene and other major insurers have reported pressure on their Medicaid margins in 2024. In 2023, states began redetermining eligibility for Medicaid members for the first time since 2020. Regulations to keep people insured during the COVID-19 pandemic prevented states from disenrolling Medicaid during the public health emergency. Enrollees remaining in the program tend to have higher health needs, resulting in higher spending.
Centene CEO Sarah London told investors on an Oct. 25 call that work remains to be done to get adequate payment rates from states, but all...
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