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U.S. health insurer Centene on Thursday projected 2025 profit above Wall Street expectations amid elevated costs in its government-backed plans and a public outcry over healthcare coverage. https://t.co/iPPwKxhafa https://t.co/iPPwKxhafa
$CNC Centene executive says the Co. expects to achieve break even in Medicare Advantage business by 2027
UnitedHealth Group profits were $22 billion in 2023, or $25 per share. One way to think about these numbers: An investor who owns one share of UHG stock can expect to receive $25 of America’s health care spending, despite contributing precisely nothing to American health care.
Centene Corporation has announced its guidance for 2025, projecting revenue between $166.5 billion and $169.5 billion, with an expected adjusted earnings per share (EPS) above $6.80. The company's forecast exceeds Wall Street expectations, reflecting confidence in its commercial plans to offset rising costs in government-backed health plans. Centene's executive noted that the company aims to break even in its Medicare Advantage business by 2027. This announcement comes amid a challenging healthcare landscape marked by increased costs and public scrutiny over healthcare coverage.