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Centene Corp

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  • As it turns out, they are raising their prices to state Medicaid programs, too. The federal government issued guidance in October requiring states to build the tax into what they pay for-profit Medicaid health plans that serve low-income people. The first year's tax was due to the IRS in September, and state governments are now settling up with insurance...

  • As it turns out, they are raising their prices to state Medicaid programs, too. The federal government issued guidance in October requiring states to build the tax into what they pay for-profit Medicaid health plans that serve low-income people. The first year's tax was due to the IRS in September, and state governments are now settling up with insurance...

  • Insurers are benefiting from increased number of patients, aided by an expansion of Medicaid, a federal health insurance program for lower-income people that is administered by the states, under Obamacare. WellCare members under the Medicaid health plans increased 31 percent to 2.3 million in the fourth quarter ended Dec. 31, helped by additions in Florida,...

  • The busier-than-normal flu season has resulted in some U.S. insurers such as Centene Corp and Humana Inc flagging cost concern. We are disappointed with our fourth quarter earnings due to the effect of the early and more severe flu season on our Medicaid business, "WellCare Chief Executive Kenneth Burdick said in a statement on Wednesday.

  • Feb 3- Health insurer Centene Corp posted a better-than-expected quarterly profit as it added more Medicaid members under Obamacare. Premium and service revenue rose 54 percent to $4.42 billion in the fourth quarter as Centene expanded in Florida, Ohio, Washington, Texas and Illinois. Centene's managed care membership rose 41 percent to 4.1 million in the...

  • Feb 3- Health insurer Centene Corp's quarterly profit more than doubled as it added more Medicaid members under Obamacare. Centene's net profit rose to $107 million, or $1.76 per share, for the fourth quarter ended Dec. 31, from $53 million, or 93 cents per share, a year earlier. Total revenue rose 61 pct to $4.73 billion.

  • Dec 12- Health insurer Centene Corp forecast better-than-expected sales and profit for 2015 as it signs on more Medicaid members. The company, which provides services to government-sponsored healthcare programs, said it expects to earn $5.05 to $5.35 per share next year. It also forecast premium and service revenue of $20.3 billion to $20.8 billion.

  • Midday movers: Herbalife, Lennar, McDonald's & More Tuesday, 22 Jul 2014 | 1:07 PM ET
    Trader on the floor of the New York Stock Exchange.

    Some of Tuesday's midday movers:

  • Why it may be harder to get customized drugs Thursday, 3 Jul 2014 | 12:31 PM ET
    Express Scripts Inc.'s headquarters stands in St. Louis, Missouri.

    The largest U.S. pharmacy benefit manager, Express Scripts, is cutting back on compounded medications, saying most are ineffective or overpriced.

  • Time for a hospital to buy WellCare or Centene? Tuesday, 27 May 2014 | 6:51 PM ET

    Shares of WellCare Health Plans and Centene surged Tuesday on speculation that one of the two Medicaid insurance providers could be acquired.

  • Midday movers: Hillshire, BofA, AmEx & more Tuesday, 27 May 2014 | 12:25 PM ET

    Take a look at some of Tuesday's midday movers:

  • Three things to watch when Wellpoint reports Tuesday, 29 Apr 2014 | 12:25 PM ET
    WellPoint Inc. headquarters stand in Indianapolis, Indiana.

    WellPoint bet big Obamacare, and investors expect the nation's largest provider of Blue Cross plans to report large membership gains.

  • Investors got it wrong on Obamacare for years: Pro Thursday, 21 Nov 2013 | 9:14 AM ET

    The widely believed notion in the market that Obamacare would be bad for insurance stocks has been the wrong call, said Barclays health-care analyst Joshua Raskin

  • White House admits key flaw in Obamacare website Wednesday, 23 Oct 2013 | 6:38 PM ET

    For the first time, White House officials identified a key flaw crippling Obamacare enrollment on the HealthCare.gov website.

  • Consider two potential winners of Obamacare Monday, 7 Oct 2013 | 4:22 PM ET

    Love it or hate it, Obamacare has the potential to boost health insurance stocks in a big way going forward. Molina and WellCare are two possible winners.

  • 3 winning stocks under new health-care law Monday, 30 Sep 2013 | 1:39 PM ET
    3 top stocks under new health-care law

    Companies with the lowest cost structures will likely do well, Josh Raskin says.

  • Strong Flu Could Boost Some Health Care Profits Tuesday, 8 Jan 2013 | 2:26 PM ET
    A man is is given his annual flu shot.

    It is shaping up to be the worst cold and flu season in about ten years, with more than 40 states reporting widespread influenza doctor visits and hospitalizations.

  • Healthcare: Higher Medicaid Costs Tuesday, 4 Dec 2012 | 11:27 AM ET

    How everyone will deal with the effects of Obamacare in 2013.

  • Medicaid provider files lawsuit against Kentucky Tuesday, 23 Oct 2012 | 11:15 AM ET

    FRANKFORT, Ky.-- A Medicaid managed care provider has filed a lawsuit against Kentucky, alleging that state officials provided incorrect information that led to $120 million in losses in the first 11 months of its contract. The Medicaid provider had announced last week that it would exercise its right to end the contract effective July 5, 2013.

  • Insurer Centene's 3Q profit plunges 87 percent Tuesday, 23 Oct 2012 | 8:13 AM ET

    Centene Corp. said Tuesday it is suing Kentucky, a state that has generated heavy losses for the Medicaid coverage provider, as it reported an 87 percent plunge in third-quarter earnings. Centene said it filed a lawsuit against Kentucky over the state's "failure to completely and accurately disclose material information."