Centene Announces 2020 Health Insurance Marketplace Expansion

Centene – the parent company of Ambetter by Absolute Total Care, recently announced they would be expanding their footprint on the Health Insurance Marketplace in South Carolina. Health Insurance Marketplace plans for Ambetter are currently only available in Charleston County. Stay tuned to SChealthconnector for more news and details. CLICK HERE to see Ambetter Marketplace plans and prices in South Carolina

Here’s the full press release:

ST. LOUIS, Aug. 13, 2019 /PRNewswire/ — Centene Corporation (NYSE: CNC) today announced that it is expanding its offerings in the 2020 Health Insurance Marketplace, or exchange. The company is expanding its footprint in ten markets: Arizona, Florida, Georgia, Kansas, North Carolina, Ohio, South Carolina, Tennessee, Texas, and Washington.

Last year marked another year of Centene’s successful operations on the exchanges. At June 30, 2019, we served approximately 1.9 million exchange members across 20 states. The key demographics of these members including age, gender, financial assistance and metal tier are consistent with Centene’s experience over the past three years. Over ninety percent are eligible for subsidies.

“Centene takes pride in being the country’s largest provider of health insurance marketplace plans,” said Michael F. Neidorff, Chairman, President and CEO for Centene. “The need for affordable, high-quality healthcare has never been more urgent, and we will continue to demonstrate disciplined execution, agility and capacity to successfully navigate industry changes to the benefit of our members, customers and shareholders.”

Centene has started the process for seeking all necessary regulatory approvals in targeted states for 2020.

About Centene Corporation

Centene Corporation, a Fortune 100 company, is a diversified, multi-national healthcare enterprise that provides a portfolio of services to government sponsored and commercial healthcare programs, focusing on under-insured and uninsured individuals. Many receive benefits provided under Medicaid, including the State Children’s Health Insurance Program (CHIP), as well as Aged, Blind or Disabled (ABD), Foster Care and Long-Term Services and Supports (LTSS), in addition to other state-sponsored programs, Medicare (including the Medicare prescription drug benefit commonly known as “Part D”), dual eligible programs and programs with the U.S. Department of Defense. Centene also provides healthcare services to groups and individuals delivered through commercial health plans. Centene operates local health plans and offers a range of health insurance solutions. It also contracts with other healthcare and commercial organizations to provide specialty services including behavioral health management, care management software, correctional healthcare services, dental benefits management, commercial programs, home-based primary care services, life and health management, vision benefits management, pharmacy benefits management, specialty pharmacy and telehealth services.

Centene uses its investor relations website to publish important information about the Company, including information that may be deemed material to investors. Financial and other information about Centene is routinely posted and is accessible on Centene’s investor relations website, http://www.centene.com/investors.

 

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