Centene subsidiary must return $87.5M to Missouri customers under Obamacare

Centene subsidiary must return $87.5M to Missouri customers under Obamacare

Missouri’s biggest individual insurer must rebate almost $90 million to policyholders because it spent too little on care and too much on administration. Ambetter from Home State Health, a subsidiary of Clayton-based Centene Corporation, is mailing checks totaling $87.5 million to customers in Missouri because it violated the Medical Loss Ratio requirements of the Affordable Care Act, also known as Obamacare. Letters dated Sept. 10 notifying pol…