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Employee Benefits

Centene Corp. Q1 profits hit $1.1 billion, exceeding expectations

April 29, 2024 Reprints

Centene Corp. reported Q1 profits of $1.1 billion, exceeding Wall Street expectations, as membership and premium revenue increased due to a surge in Affordable Care Act enrollment, Forbes reports. Despite a decrease in Medicaid coverage enrollees, the company's "commercial marketplace" business grew to 4.3 million members from 3 million a year ago. Total revenue rose to $40.4 billion from $38.9 billion a year earlier.

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Centene Corp. Q1 profits hit $1.1 billion, exceeding expectations

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