51 Days
Source:
Forbes
_1777370220974_847775619.png&w=64&q=75){kind=small}
Centene posts $1B profit amid lower costs
Centene reported a second-quarter net income of $1.09 billion, reversing a loss from the previous year, driven by improved management of rising medical costs and a lower health benefits ratio. Despite enrollment declines in marketplace plans, the company experienced a 4% increase in revenues to $44.4 billion, aided by rate hikes and risk adjustments. CEO Sarah M. London highlighted progress toward restoring profitability and increased full-year earnings guidance amid efforts to control costs.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)