Why big Medicare Advantage insurers may root for Biden to lose in 2024 [Yahoo! Finance]
Centene Corporation (CNC)
Last centene corporation earnings: 4/28 06:00 am
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Source: Yahoo! Finance
In the last week, the Centers for Medicare and Medicaid Services delivered consecutive blows to the industry that offers these private-sector Medicare alternatives, denting insurance stocks and pulling down estimates of future earnings. Insurers will get paid less than expected next year for providing these plans, while, at the same time, they must abide by new, and probably costlier, regulations. Other key changes rolling out over the next three years could also nick their bottom lines. The industry expects a second term for President Joe Biden would bring more of the same at a time when the youngest baby boomers become Medicare-eligible and more of the older ones seek healthcare services. "Do I wanna say it's a historic level of regulations? If it's not, it's got to be close to it," Whit Mayo, an analyst with Leerink Partners, told Yahoo Finance. "Biden is no friend to the industry right now." 'A major change' The new regulations have come hard and fast in the last year.
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News
- Centene Co. (NYSE: CNC) had its "outperform" rating re-affirmed by analysts at Oppenheimer Holdings Inc.. They now have a $110.00 price target on the stock.MarketBeat
- 50%+ of Medicare Eligibles Selected a Medicare Advantage Plan in 2024 per Mark Farrah Associates' Report [Yahoo! Finance]Yahoo! Finance
- Returns On Capital At Centene (NYSE:CNC) Have Hit The Brakes [Yahoo! Finance]Yahoo! Finance
- Centene (CNC) Q1 Earnings Beat on Premiums, '24 EPS View Hiked [Yahoo! Finance]Yahoo! Finance
- Centene (CNC) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
CNC
Earnings
- 4/26/24 - Beat
CNC
Sec Filings
- 4/29/24 - Form 4
- 4/26/24 - Form 10-Q
- 4/26/24 - Form 8-K
- CNC's page on the SEC website