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Centene beats Q3 forecasts despite stars, redeterminations pressures

Health insurer Centene raised its 2023 outlook after beating Wall Street expectations for Q3 earnings and revenue, due to lower medical costs. Joiners in Affordable Care Act plans, who usually require less care than Medicaid and Medicare members, forced medical spending down. Despite this, the company expects to lose approximately two million members once Medicaid redeterminations, currently halfway completed, are done.

Source: www.healthcaredive.com –

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