Centene Corp. Bets On Obamacare, And Says It’s Paying Off
One of the biggest insurers participating in the Affordable Care Act's marketplaces urged the federal government to preserve cost-sharing payments for its low-income consumers and reported a better-than-expected, second-quarter performance.
Bloomberg:
One Insurer Is Making Obamacare Work
Just hours before Senate Republicans are expected to take a crucial first vote on repealing Obamacare, one health insurer is saying that its big bet on the health insurance law has been paying off. Centene Corp. beat Wall Street’s earnings estimates for the second quarter, and said that much of its strength came from the company’s Affordable Care Act marketplace health plans, where the insurer has about 1.1 million of its 12.2 million customers. (Tracer, 7/25)
The Associated Press:
Key ACA Insurer Urges Gov't To Keep Customer Subsidies
One of the biggest insurers in the Affordable Care Act's marketplaces is warning the federal government that it must preserve cost-sharing payments for low-income customers to avoid hurting millions of people. Centene Corp. said Tuesday that a better-than-expected performance in those individual insurance markets prompted it to beat Wall Street expectations in the second quarter and raise its forecast for 2017. (7/25)
