Forbes October 26, 2021
Centene’s membership grew by more than 1 million in the third quarter compared to last year thanks to a big increase in enrollment in its Medicaid and Medicare Advantage plans, the company reported Tuesday.
Centene, which sells an array of government subsidized health insurance including Obamacare, said total “managed care membership” increased by 1.4 million members, or five percent, compared to the end of the third quarter of 2020.
Such growth helped Centene’s revenues jump 11% to $32.4 billion. Net income rose nearly 3% to $584 million, or 99 cents a share, compared to $568 million, or 97 cents a share in the year ago period.
Medicaid membership ended the third quarter at nearly 14.8 million compared to nearly 13.2...
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