Centene’s Obamacare Enrollment Soars As WellCare Deal Faces Regulators [Forbes]
Anthem, Inc. (ANTM)
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Source: Forbes
Centene’s Obamacare Enrollment Soars As WellCare Deal Faces Regulators Health insurer Centene’s growth in offering Medicaid benefits and individual coverage under the Affordable Care Act continued as the company enters the regulatory review process for its acquisition of WellCare Health Plans. first quarter profits Adjusted earnings rose Centene, which announced last month it was buying WellCare Health Plans, now has nearly 2 million enrollees in individual plans from the ACA’s public exchanges compared to 1.6 million a year ago. Centene now sells such Obamacare coverage in 20 states after this year entering Kansas, Missouri and Nevada and expanding into six other states where it already sells individual ACA policies, including markets Anthem, Aetna and UnitedHealth Group are scaled back or left altogether. Meanwhile, Centene’s Medicaid business also added members, growing to 7.4 million total members that included more than 250,000 new Medicaid enrollees from states that expanded Med
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