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Centene Lost 2 Million Members in 3 Months — And the Stock Got Destroyed
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Centene Lost 2 Million Members in 3 Months — And the Stock Got Destroyed
Centene (CNC) just delivered one of those conference presentations that makes you wonder why companies even show up. The managed care giant’s CEO Sarah London took the stage at the Barclays Global Healthcare Conference on Tuesday and essentially told investors that Obamacare enrollment is falling off a cliff — faster than anyone expected. The numbers are brutal. Centene’s ACA marketplace membership is projected to drop to 3.5 million by the end …
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