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Centene Proposes Employee Buyouts to Reduce Expenses
Centene, a major health insurer, is offering voluntary buyouts to most of its 61,000 employees after losing over two million Obamacare enrollees due to the lapse of enhanced subsidies. Despite first-quarter net income exceeding $1.5 billion, the company faces challenges from reduced marketplace enrollment and rising healthcare costs. The buyout program aims to help Centene adapt to ongoing industry shifts.
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