Health Insurer Stocks Tumble on Medicaid Enrollment Concerns

Blockhead09-05

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...

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHealth Insurer Stocks Tumble on Medicaid Enrollment Concerns\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-09-05 02:54 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.investopedia.com/health-insurer-stocks-tumble-on-medicaid-enrollment-concerns-8706361><strong>Blockhead</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Key Takeaways\nHealth 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...</p>\n\n<a href=\"https://www.investopedia.com/health-insurer-stocks-tumble-on-medicaid-enrollment-concerns-8706361\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1670628061.USD","symbol_name":"M&G (LUX) NORTH AMERICAN DIVIDEND \"A\" (USD) INC","start_time":0,"source_url":"https://www.investopedia.com/health-insurer-stocks-tumble-on-medicaid-enrollment-concerns-8706361","article_id":"2465513161","we_media_id":null,"thumbnails":["https://www.investopedia.com/thmb/1h0MF7CDrM1Aqr0R56UAs-Tby2w=/5040x3360/filters:no_upscale():max_bytes(150000):strip_icc()/GettyImages-1825448321-d4c7ee823f984360a17fbd6fdbaac8fd.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2465513161","pubTimestamp":1725476074,"sourceInfo":{"source_id":"investopedia_highlight","name":"Investopedia"},"weMediaInfo":null,"summary":"Shares of health insurers lost ground Wednesday as executives at Centene  warned about a pullback in the number of people receiving Medicaid benefits.Centene Chief Executive Officer  Sarah London told the Wells Fargo 2024 Healthcare Conference in Everett, Mass., that the company is \"still seeing pressure in Medicaid, largely driven by the unprecedented redeterminations process,\" referring to how recipient eligibility is determined.Chief Financial Officer  Drew Asher said Centene expects its Medicaid membership to be about 12.9 million to 13.0 million in 2024. That's down from the company's previous estimate of a low of 13.2 million, which it anticipated would climb to 13.6 million by the end of the year. Asher added that Centene's current-quarter Medicaid medical costs, as a percentage of premiums, would be higher than in the second quarter.Medicaid Enrollments Have Fallen Significantly Since March 2023. Do you have a news tip for Investopedia reporters?","collect":0,"end_time":0,"defaultTopTitle":"investopedia.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1670628061.USD":"M&G (LUX) NORTH AMERICAN DIVIDEND \"A\" (USD) INC","SG9999001077.SGD":"United International Growth Fund SGD","LU1023059063.AUD":"BGF WORLD HEALTHSCIENCE \"A2\" (AUDHDG) ACC","CEO":"中海油","LU0048573561.USD":"FIDELITY AMERICA \"A\" (USD) INC","LU0266013472.USD":"AXA WF - Framlington Longevity Economy A Cap USD","BK4588":"碎股","MOH.AU":"MOHO RESOURCES LTD","BK4154":"管理型保健护理","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","LU0289739699.SGD":"AB INTERNATIONAL HEALTH CARE PORTFOLIO \"A\" (SGD) ACC","SG9999014039.USD":"UNITED GLOBAL DURABLE EQUITIES (USDHDG) INC","SG9999014005.SGD":"United Global Durable Equities Fund Acc SGD","MOH":"Molina Healthcare Inc","SG9999014013.SGD":"United Global Durable Equities Fund Dis SGD","LU2592432038.USD":"WELLINGTON MULTI-ASSET HIGH INCOME \"A\" (USD) ACC","SG9999004303.SGD":"Nikko AM Shenton Global Opportunities SGD","CNC":"康西哥","LU1670627923.USD":"M&G (LUX) NORTH AMERICAN DIVIDEND \"A\" (USD) ACC","LU0251142724.SGD":"Fidelity America A-SGD","LU1489326972.SGD":"First Eagle Amundi International AHS-MD SGD-H","LU0345770308.USD":"NINETY ONE GSF GLOBAL STRATEGIC EQUITY \"A\" (USD) ACC","ELV":"Elevance Health","LU2505996681.GBP":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (GBPHDG) INC","LU0106261372.USD":"SCHRODER ISF US LARGE CAP \"A\" ACC","LU2505996509.AUD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (AUDHDG) INC","LU0225283273.USD":"SCHRODER ISF GLOBAL EQUITY ALPHA \"A\" (USD) ACC","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","CFO":"VictoryShares US 500 Enhanced Volatility Wtd ETF","CFO.AU":"CFOAM LTD","LU1548497426.USD":"安联环球人工智能AT Acc","LU1699723380.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"AP\" (USD) ACC","SGXZ23171101.USD":"NIKKO AM SHENTON GLOBAL OPPORTUNITIES (USD) ACC","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","BK4532":"文艺复兴科技持仓","LU1291159041.SGD":"CPR Invest - Global Silver Age A2 Acc SGD-H","LU0314106906.USD":"MANULIFE GF GLOBAL EQUITY \"AA\" (USD) INC","BK4585":"ETF&股票定投概念","LU0957791311.USD":"THREADNEEDLE (LUX) GLOBAL FOCUS \"ZU\" (USD) ACC","LU1815333072.USD":"THREADNEEDLE (LUX) GLOBAL FOCUS \"AUP\" (USD) INC","LU0345770993.USD":"NINETY ONE GSF GLOBAL STRATEGIC EQUITY \"A\" (USD) INC","LU0742534661.SGD":"Fidelity America A-SGD (hedged)","LU2362541513.USD":"WELLINGTON NEXT GENERATION GLOBAL EQUITY \"A\" (USD) ACC","LU0557290698.USD":"施罗德环球可持续增长基金","LU0114720955.EUR":"SUSTAINABLE GLOBAL HEALTH CARE \"A\" INC","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU0187121727.USD":"FIDELITY SUSTAINABLE US EQUITY \"A\" (USD) INC","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","LU1506573853.SGD":"MANULIFE GF GLOBAL EQUITY \"AA\" (SGD) INC"},"translate_title":"健康保险公司股价因医疗补助参保担忧而暴跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CEO":1,"CFO":1,"CFO.AU":1,"CNC":1,"ELV":1,"MOH":1,"MOH.AU":1},"content_text":"Key Takeaways\nHealth 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.\n Shares of health insurers lost ground Wednesday as executives at Centene (CNC) warned about a pullback in the number of people receiving Medicaid benefits.\n\n\n Centene Chief Executive Officer (CEO) Sarah London told the Wells Fargo 2024 Healthcare Conference in Everett, Mass., that the company is \"still seeing pressure in Medicaid, largely driven by the unprecedented redeterminations process,\" referring to how recipient eligibility is determined.\n\n\n Chief Financial Officer (CFO) Drew Asher said Centene expects its Medicaid membership to be about 12.9 million to 13.0 million in 2024. That's down from the company's previous estimate of a low of 13.2 million, which it anticipated would climb to 13.6 million by the end of the year. Asher added that Centene's current-quarter Medicaid medical costs, as a percentage of premiums, would be higher than in the second quarter. \n\n\n  Medicaid Enrollments Have Fallen Significantly Since March 2023  \n According to the non-profit health research organization KFF, Medicaid enrollments have fallen by 25.1 million since March 2023, when states could begin \"unwinding\" their Medicaid rolls of those no longer qualified. Asher noted that while about 30% of those terminated eventually return to Centene, the gap in time negatively impacts the company's revenue. \n\n\n Shares of Centene and rivals Molina Healthcare (MOH) and Elevance (ELV) were among the biggest decliners in the S&P 500 today.\n\n\n \n\n\n\n\n\n \n TradingView\n\nDo you have a news tip for Investopedia reporters? Please email us at\ntips@investopedia.com","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2465513161"}