Health Insurer Stocks Tumble on Medicaid Enrollment Concerns
Centene(CNC) Investopedia·2024-09-05 03:41
Key Takeaways Health insurance provider stocks fell after Centene executives raised concerns about Medicaid enrollments. Centene CEO Sarah London warned that the firm continues to see the impact of the so-called "unwinding" process of determining who is eligible for Medicaid. CFO Drew Asher said Centene's outlook for the number of Medicaid clients this year would be fewer than previously estimated. Shares of health insurers lost ground Wednesday as executives at Centene (CNC) warned about a pullback in the ...