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The Latest Breaking News from Centene

Centene Corporation’s Profits Heavily In Healthcare On Their Second Quarter Profits

The company reported a quarterly revenue of $33.71 billion and a net profit of $1.06 billion in their latest earnings release

Zenger

Americans With Health Insurance Are Increasingly Putting Off Important Medical Treatments They Can’t Afford

Health insurance CEOs pocket millions while citizens can’t pay the out-of-pocket.

Capital & Main

The Fortune 500's youngest female CEO bucks Big Health Care's M&A trend

At 42, Centene CEO Sarah London is the youngest female Fortune 500 chief executive.

Fortune

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The CEO of one of Medicaid and Medicare’s biggest insurers is bullish on A.I., and thinks it could bring down costs

As big healthcare gets bigger, CEO Sarah London sees a narrower, more focused path for the Medicaid and Medicare insurer Centene.

Fortune

Medicaid health plans try to protect members — and profits — during unwinding

The federal COVID-19 pandemic protections that have largely prohibited states from dropping anyone from Medicaid since 2020 helped millions of low-income Americans retain health insurance coverage — even if they no longer qualified — and brought the U.S. uninsured rate to a record low.

Tribune News Service

States are turning to the big health insurance companies to keep Medicaid enrollees insured once pandemic protections end

UnitedHealthcare, Centene, and Aetna have seen their revenue surge by billions as their membership soared by millions.

Fortune

Centene Corp. settles for $215 million on California Medicaid overbilling accusations

More than 20 states are investigating or have investigated Centene’s Medicaid pharmacy billing. The company also has agreed to pay settlements to at least 16 other states, including Illinois and Indiana.

Chicago Sun-Times

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FRM confirms third Daytona 500 entry and driver lineup shake-up

Front Row Motorsports confirms a third entry for the Daytona 500, as well a driver shake-up behind the wheel of the No. 38 car in a handful of races.

Motorsport

Illinois Medicaid contractor Centene Corp. under federal scrutiny over foster kids’ medical care

An Illinois Answers Project investigation found that the insurance giant fell short in providing basic care. Now, federal officials want answers from state agencies overseeing the program.

Chicago Sun-Times

Centene, under siege in America, moved into Britain’s National Health Service

LONDON — In the final days of 2020, the U.S. health insurer Centene made a swift incursion into Britain’s prized National Health Service, one of the world’s largest employers.

Tribune News Service

3 Health Care Stocks That Could Help You Make a Fortune

Although inflation is showing signs of cooling down and the Fed indicated a slower pace of interest rate hikes, recession fears loom. Thanks to the resilient demand for its products and services, the healthcare industry is expected to survive a challenging macroeconomic environment better than many industries. Thus, it could…

StockNews.com

Illinois must ensure foster kids get timely health care

The top Medicaid contractor in Illinois isn’t getting it done.

Chicago Sun-Times

Top Illinois Medicaid contractor Centene Corp. failed foster kids with ‘unacceptable’ medical care

A nearly $370 million contract promised to improve health care for state wards. But, for two years, Centene’s YouthCare program fell short on basic care, leaving foster parents scrambling.

Chicago Sun-Times

Pritzker insider Nikki Budzinski cashing in as a consultant since leaving state government

In 10 months, she has made more than $500,000 from a lobbyist, Democratic groups that don’t disclose their contributors and political and labor groups. She’s now running for Congress.

Chicago Sun-Times

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Chicago Tribune

Illinois fines Celtic health insurance company $1.25 million

The Illinois Department of Insurance is fining health insurer Celtic Insurance Co. $1.25 million for allegedly failing to cover mental health and addiction at the same levels as other medical issues.

Benzinga

Benzinga's Top Ratings Upgrades, Downgrades For September 30, 2022

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Tribune News Service

Health plan shake-up could disrupt coverage for low-income Californians

Almost 2 million of California’s poorest and most medically fragile residents may have to switch health insurers as a result of a new strategy by the state to improve care in its Medicaid program.

Tribune News Service

Centene to pay $166 million to Texas in Medicaid drug pricing settlement

Health insurance giant Centene Corp. has agreed to pay $165.6 million to Texas to resolve claims that it overcharged the state’s Medicaid program for pharmacy services.

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Benzinga

Benzinga's Top Ratings Upgrades, Downgrades For August 26, 2022

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Chicago Tribune

Illinois consumers sue health insurer Centene, saying they couldn’t find in-network doctors

Consumers in Illinois and other states are suing health insurance giant Centene and its Chicago-based subsidiary Celtic Insurance Co., alleging the insurers defrauded them by overcharging them for plans that didn’t deliver the benefits they promised.

Benzinga

Benzinga's Top Ratings Upgrades, Downgrades For July 14, 2022

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Benzinga

Robinhood And 3 Other Stocks Insiders Are Selling

US crude oil futures traded higher this morning on Wednesday after dropping sharply in the previous session. Investors, meanwhile, focused on some notable insider trades.

Benzinga

Analyzing Centene's Short Interest

Centene's (NYSE:CNC) short percent of float has risen 55.64% since its last report. The company recently reported that it has 8.31 million shares sold short, which is 2.07% of all regular shares that are available for trading.

Benzinga

If You Invested $100 In This Stock 5 Years Ago, You Would Have $200 Today

Centene (NYSE:CNC) has outperformed the market over the past 5 years by 6.23% on an annualized basis producing an average annual return of 16.19%. Currently, Centene has a market capitalization of $49.46 billion.

Benzinga

Executives Sell More Than $67M Of 5 Stocks: NetApp, Eli Lilly And More

US gold futures traded lower on Friday. Investors, meanwhile, focused on some notable insider trades.

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