01-07-2025
Centene Plunges After Insurer Withdraws 2025 Guidance
Centene Corp. shares plunged after the health insurer pulled its 2025 guidance following an early analysis of data from the Affordable Care Act marketplace that showed a significant revenue hit from a risk-sharing mechanism, the company said in a statement.
Data from 22 states showed an impact of $1.8 billion, or $2.75 per share in adjusted earnings, the company said.
