Centene is a Missouri-based multi-line managed care enterprise that provides healthcare programs and services for under-insured and uninsured individuals and families.
US health insurers face challenges due to rising medical costs, federal cuts, and new regulations. Major companies like UnitedHealth and Elevance Health report disappointing results and reduced profit forecasts.
Health insurer Centene reported a surprise adjusted net loss of $79 million in Q2, compared to a profit of $1.283 billion a year earlier. Revenue increased 22.36% to $48.742 billion.
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