From its third-quarter earnings, to announcing it is awarding Express Scripts its pharmacy benefit management contract, here are eight stories about Centene that Becker's has covered since Oct. 11.
1. North Carolina officials on Oct. 26 approved Centene's request to cancel the $450 million in tax incentives the company was set to receive for its Charlotte campus. Centene canceled plans to build a 2.4 million-square-foot campus in the city because of shifts to remote and hybrid work.
2. Centene CEO Sarah London shared details of a plan to increase Centene's Medicare Advantage star ratings during an Oct. 25 call with investors.
3. Centene awarded its PBM contract to Cigna's Express Scripts on Oct. 25. Express Scripts will manage prescriptions for the payer's 20 million plan members starting in 2024.
4. Centene posted $738 million in net income during the third quarter, according to the company's earnings report released Oct. 25.
5. As the midterm elections loom, Centene has been caught in the middle of the Georgia campaigns for governor and attorney general because of the company's political donations and its legal settlements with states for allegedly overbilling Medicaid programs.
6. Illinois insurance regulators fined Centene subsidiary Celtic Insurance Co. $1.25 million for allegedly failing to cover mental health and addiction services at the same level as other medical issues.
7. Centene's Ambetter Health will expand its ACA exchange offerings to Alabama and 60 new counties in 12 states where it already offers plans, the insurer said Oct. 17. Centene also said it is renaming the marketplace carrier, previously known as Ambetter, to Ambetter Health.
8. Centene's Health Net subsidiary has the best customer service among payers, according to Newsweek's "2023 America's Best Customer Service" ranking.