does anyone have insight into how many H-contracts were not renewed due to policy changes?
please don't turn this into a political vitriol; I'm asking a serious question.
how much trouble is Centene in?
4 replies (most recent on top)
Centene is facing multiple shareholder class-action lawsuits accusing the company of artificially inflating enrollment numbers and misleading investors about its financial outlook.
The Core Lawsuits
Shareholder lawsuits filed in federal court allege that Centene executives provided overly optimistic financial guidance and hyped strong enrollment and low patient sickness (morbidity) rates.
• The Allegations: Investors claim these glowing reports were disconnected from reality. When an internal analysis of two-thirds of the company’s marketplace share was conducted, it reportedly revealed lower-than-expected enrollment and higher, sicker patient populations.
• The Fallout: The discrepancy caused significant disruption for investors, culminating in July when Centene abruptly withdrew its 2025 financial guidance.
• The Lawsuits: Multiple legal firms, including Rosen Law Firm and Robbins LLP, initiated investigations and class-action lawsuits on behalf of investors alleging federal securities violations.
Who inflated these numbers, I doubt Sarah knows anything she sits there looking out the window in her mansion. So whoever sc--wed up these numbers should be gone. Let them pay the price of this.
@a1 They are being sued by investors for inflating their enrollment numbers for ACA for 2025 after they pulled their 2025 guidance.
Not sure but here's the damage! Pretty bad! How did leadership NOT see this coming? C'mon!
Centene lost nearly 500,000 Medicaid members in 2025, but posted 26% enrollment growth in its marketplace segment, according to the company’s fourth quarter and full year earnings report published Feb. 6.
Total revenues in the fourth quarter were $49.7 billion, up 21.9% year over year. Total revenues in 2025 were $194.8 billion, up 19.4%.
https://www.beckerspayer.com/financial/centene-posts-6-7b-loss-in-2025/