Centene Reports $599 Million Profit On Medicaid And Medicare Growth

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Centene Reports $599 Million Profit On Medicaid And Medicare Growth
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Centene reported $600 million in fourth quarter profit as membership grew by more than 1 million thanks to a big increase in enrollment in its Medicaid plans.

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Such growth helped Centene’s revenues jump 15% to $32.6 billion. Net income was $599 million in the fourth quarter compared to a $12 million loss in the fourth quarter of 2020.

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