Forbes October 25, 2024
Centene reported a third quarter profit of $713 million as Obamacare enrollment and premium revenue helped overcome a big dip in Medicaid enrollment.
Centene, which sells an array of government subsidized health insurance including Medicaid coverage for poor Americans and individual commercial insurance coverage under the Affordable Care Act known as Obamacare, on Friday reported net income of $713 million, or $1.36 a share, for the quarter ended Sept. 30, compared to $469 million, or 87 cents a share, in the third quarter of 2023.
Centene said total managed care membership grew to 28.64 million compared to 27.96 million at the end of the third quarter of 2023 thanks largely to Obamacare enrollment.
Centene’s enrollment in individual coverage under the...
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