Forbes July 28, 2020
Health insurer Centene is seeing a boost in Medicaid enrollment as unemployment rises amid the spread of the coronavirus strain Covid-19 though Americans are signing up to such coverage at a slower pace than the company originally projected.
Centene Tuesday said its overall managed care membership in the second quarter of this year rose nearly 64%, or 9.6 million members, compared to June 30, 2019 to 24.6 million total members. Of that, Centene’s total Medicaid enrollment increased to 12.5 million in the second quarter compared to nearly 8.5 million in the year-ago period.
Though Centene is also a larger company thanks to acquisitions, the health insurer is expecting a continuing enrollment boost in Americans signing up for Medicaid, the health...
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