Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nyse  >  Centene Corp    CNC

News SummaryMost relevantAll newsSector newsTweets 
The feature you requested does not exist. However, we suggest the following feature:

Centene : Missourians in 25 counties losing coverage voice Obamacare concerns at White House

share with twitter share with LinkedIn share with facebook
share via e-mail
06/22/2017 | 01:49am CEST

June 22--A group of Missourians who will have to find new insurance options next year were invited to the White House on Wednesday to vent their frustrations with the Affordable Care Act, commonly called Obamacare.

Jim Blundell of Lincoln, Candace Fowler of Windsor, Stephanie and Tommie McClain of Clinton, Nancy Nycum of Edwards and Kevin Walker of Sedalia all live in the 25 'bare' counties in northwest Missouri potentially left without an insurer next year after Blue Cross and Blue Shield of Kansas City decided to stop selling subsidized plans on healthcare.gov.

As Republicans in the U.S. Senate prepare to unveil their version of an Obamacare replacement, the six Missourians were invited to speak to U.S. Health and Human Services Secretary Tom Price and other members of President Donald Trump's administration.

Fowler, a mother of five who's married to a farmer, said afterward: "We weren't given details (about the replacement bill). We weren't given any promises but I did feel like we did have an opportunity to make our voices known and be listened to with sincerity."

Fowler was diagnosed this year with idiopathic intracranial hypertension, a chronic condition in which her body produces too much spinal fluid, causing pressure on her optic nerves and the risk of blindness.

She said she's responding well to treatment, but she's concerned about losing her Blue KC insurance at the end of the year.

A Blue KC spokeswoman said privacy policies prevent the non-profit from commenting on its members.

In addition to the 25 counties its exit left bare, Blue KC left Jackson County, Platte County, Ray County, Cass County and Clay County with only Cigna remaining on the exchange.

But that could change soon. Centene, a for-profit insurer based in the St. Louis area that mostly deals in Medicaid contracts, has announced it intends to start selling Obamacare plans in Missouri, Kansas and Nevada later this year.

But it's not clear yet what counties the company wants to sell in.

Centene administers Missouri Medicaid under the name Home State Health Plan. Stephanie McClain, an insurance agent, said that, in her experience, Home State Health Plan had been able to provide quality Medicaid coverage in her area despite a shortage of some medical providers. But she doesn't know yet whether Centene will be an option for her husband, Tommie, who has chronic migraines and is working part-time while he goes back to school for his bachelor's degree.

"The possibility of, as of right now, no coverage for him, that's huge for our family to take in in the 2018 year," McClain said.

The White House visit also included one consumer from Iowa and one from Ohio. Kellyanne Conway, Trump's counselor and spokeswoman, called them "victims of Obamacare" according to a media pool report.

The visit comes as Senate Majority Leader Mitch McConnell seeks to write an Obamacare replacement that could be voted on as soon as next week.

The U.S. House passed its version of a replacement last month.

The Congressional Budget Office estimated the House version would take about $800 billion over 10 years out of Medicaid, which covers four of Fowler's children and Blundell's wife.

As the Obamacare replacement debate has heated up, blame for the insurer exits has become a political football that was kicked around a bit more Wednesday.

U.S. Sen. Claire McCaskill, a Missouri Democrat, said the exchanges were "being sabotaged" by the Trump Administration's unwillingness to commit to paying subsidies promised to insurers who cover low-income consumers.

"They're creating this level of uncertainty that's leading to this disruption of these individual markets," said McCaskill, who has introduced a bill that would allow consumers in counties without an Obamacare insurer to use their federal subsidies to buy into the Congressional health plan.

U.S. Sen. Roy Blunt, a Missouri Republican, said Obamacare is "clearly imploding" and has been for some time.

"You're going to hear often this week that Obamacare is failing because Republicans in the White House and the Congress decided not to support it," Blunt said. "Obamacare was failing long before that."

Insurers have jumped on and off the Obamacare exchanges since they started in 2014, as companies have struggled to set premiums for new individual market consumers who sometimes had lots of pent-up medical care needs.

Blue KC had been on the Kansas and Missouri exchanges since the beginning, but cited $100 million in losses in announcing it was getting out. An open records request revealed that the company, like others around the country, wanted Obamacare regulations tightened to prevent people from jumping into the individual market only when they needed care or stopping their premium payments after they'd received care. But the company also wanted more assurances that Trump and the Republican-led Congress would follow through on the promised subsidies.

The Star's Bryan Lowry contributed to this report.

Andy Marso: 816-234-4055, @andymarso


(c)2017 The Kansas City Star (Kansas City, Mo.)

Visit The Kansas City Star (Kansas City, Mo.) at www.kansascity.com

Distributed by Tribune Content Agency, LLC.

© Tribune Content Agency, source Regional News

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on CENTENE CORP
06/22 CENTENE : Missourians in 25 counties losing coverage voice Obamacare concerns at..
06/20 HEALTH NET FEDERAL SERVICES : Earns URAC Health Network Accreditation
06/20 CENTENE : Mississippi Subsidiary Selected for MississippiCAN Contract
06/18 CENTENE : joins Florida Blue, Molina in state health exchange
06/15 MOLINA HEALTHCARE : In a sign it will stay in Florida, Molina of California to f..
06/15 MOLINA HEALTHCARE : to submit rates for 2018 Florida health insurance marketplac..
06/13 CENTENE : Key insurer Centene plans to expand health exchange presence
06/13 CENTENE : Amid loss of health insurers, Clayton-based Centene to enter Missouri ..
06/13 CENTENE : Announces 2018 Exchange Participation
06/07 CENTENE : Health Net Federal Services Expands and Hosts Statewide Career Opportu..
More news
Sector news : Managed Healthcare - NEC
03:41aDJANTHEM : Senate Health Bill Raises Uninsured by 22 Million in 2026 Compared to A..
06/26DJANTHEM : Says Senate Health Bill Will Bolster Individual Insurance Market -- Upd..
06/23DJANTHEM : Agrees to $115 Million Settlement of Data Breach Lawsuit
06/21DJANTHEM : Says It Will Stop Offering ACA Plans in Two States as Others Raise Thei..
06/21 Cigna's 2017 growth may include Medicare Advantage acquisitions
More sector news : Managed Healthcare - NEC
News from SeekingAlpha
02:13p Stocks fall to day's lows as Senate delays health care vote
02:33a CBO evaluates Senate health bill
06/22 Changes aplenty in GOP's healthcare bill, but not a radical departure from AC..
06/22 GOP healthcare plan long on repeals
06/22 GOP healthcare plan to provide $50B to stabilize insurance exchanges, insurer..
Financials ($)
Sales 2017 46 746 M
EBIT 2017 1 425 M
Net income 2017 734 M
Debt 2017 -
Yield 2017 -
P/E ratio 2017 20,24
P/E ratio 2018 17,42
Capi. / Sales 2017 0,30x
Capi. / Sales 2018 0,28x
Capitalization 14 187 M
More Financials
Duration : Period :
Centene Corp Technical Analysis Chart | CNC | US15135B1017 | 4-Traders
Full-screen chart
Technical analysis trends CENTENE CORP
Short TermMid-TermLong Term
Technical analysis
Income Statement Evolution
More Financials
Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 83,5 $
Spread / Average Target 1,4%
Consensus details
EPS Revisions
More Estimates Revisions
Michael F. Neidorff Chairman, President & Chief Executive Officer
Jeffrey A. Schwaneke Chief Financial Officer & Executive Vice President
Ken Yamaguchi Chief Medical Officer & Executive Vice President
Mark J. Brooks Chief Information Officer & Senior Vice President
David L. Steward Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
CENTENE CORP45.73%14 497
AETNA INC21.92%50 452
ANTHEM INC30.87%50 392
HUMANA INC16.86%34 408
More Results