Health plan shake-up could disrupt coverage for low-income Californians [Los Angeles Times (CA)]
Centene Corporation (CNC)
Last centene corporation earnings: 4/28 06:00 am
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Source: Los Angeles Times
A first-ever statewide contracting competition to participate in the program, known as Medi-Cal, required commercial managed-care plans to rebid for their contracts and compete against others hoping to take those contracts away. The contracts will be revamped to require insurers to offer new benefits and meet stiffer benchmarks for care. The long-planned reshuffle of insurers is likely to come with short-term pain. Four of the managed-care insurers, including Health Net and Blue Shield of California, stand to lose Medi-Cal contracts in a little over a year, according to the preliminary results of the bidding, announced in late August. If the results stand, some enrollees in rural Alpine and El Dorado counties, as well as in populous Los Angeles, San Diego, Sacramento, and Kern counties, will have to change health plans — and possibly doctors. Advertisement “I'm still shocked and I'm still reeling from it,” said John Sturm, one of about 325,000 members of Community Health Group,
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- Centene Co. (NYSE: CNC) had its price target raised by analysts at Wells Fargo & Company from $89.00 to $93.00. They now have an "overweight" rating on the stock.MarketBeat
- Centene retains key Florida Medicaid contract [Seeking Alpha]Seeking Alpha
- 1 In 4 Who Lost Medicaid During Unwinding Now Uninsured [Forbes]Forbes
CNC
Earnings
- 2/6/24 - Beat
CNC
Sec Filings
- 4/3/24 - Form PX14A6G
- 4/2/24 - Form 4
- 4/2/24 - Form 4
- CNC's page on the SEC website