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Centene filed to raise premiums by 54%. Blue Cross wants 25.5%. “The governor’s office released a statement Wednesday following filings from Centene Corporation and Blue Cross Blue Shield that show premium rates would rise on the insurance plans they offer in Arkansas by as much as 54% and 25.5%.” https://www.myarklamiss.com/news/arkansas-news/arkansas-gov-sanders-opposes-insurance-rate-hikes/ Sanders called the hikes “insane.” …
Centene just pulled its 2025 earnings forecast. The numbers didn’t slip, they cratered. The company warned of a $2.75 per share hit, wiping out $1.8 billion in adjusted earnings. That’s not a guidance tweak. That’s a full retreat. The trigger came from updated morbidity data across 22 states, covering 72% of Centene’s ACA marketplace footprint. …
Centene is reckoning with multiple threats to its business, potentially leaving it with fewer and less-healthy enrollees signed up to its health-insurance plans. The end of certain pandemic-era health-insurance benefits over the past year is prompting more Americans to drop out of coverage plans, which Centene said could hollow out its earnings. On top of …