Centene Marketplace Contraction Weighs on Member Total
Dow Jones10-27 19:27
Centene's total at-risk membership decreased to 25.7 million as of Sept. 30, down from 28 million a year earlier, primarily reflecting a contraction in its Health Insurance Marketplace enrollment. Marketplace membership fell to 3.4 million from 5.8 million, while commercial segment revenue dropped 21% to $8.7 billion for the third quarter. Lower enrollment in the segment helped reduce the adjusted SG&A expense ratio to 6.5% from 7.0%, as Marketplace coverage carries higher administrative costs. Medicaid enrollment also contracted to 11.9 million members from 12.7 million in the third quarter of 2025.
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