Centene Corp Del Stock Price, News & Analysis

Superior HealthPlan, a subsidiary of Centene (NYSE: CNC), has invested $700,000 to support community hygiene closets across Texas since 2020. The initiative provides free personal care products like diapers, deodorant, shampoo, and laundry detergent to families in need.

The program, which began during the COVID-19 pandemic, now supports 20 community-based organizations managing nearly 30 hygiene closets in various Texas cities. These closets help fill a critical gap as personal care items are not covered under SNAP benefits, which serve approximately 3.5 million low-income Texans.

Centene Corporation (NYSE: CNC) has withdrawn its previously issued 2025 GAAP and adjusted diluted earnings per share (EPS) guidance due to significant challenges in its Health Insurance Marketplace business and Medicaid operations.

Based on data from Wakely covering 22 of 29 Marketplace states, CNC expects a reduction of approximately $1.8 billion in net risk adjustment revenue transfer, corresponding to an adjusted diluted EPS impact of about $2.75. The company anticipates additional reductions from the remaining seven states. In response, Centene has begun refiling 2026 Marketplace rates to reflect higher projected baseline morbidity.

The company's Medicaid business is experiencing increased medical cost trends in behavioral health, home health, and high-cost drugs, particularly in New York and Florida. The Q2 2025 Medicaid Health Benefits Ratio is expected to be higher than Q1. On a positive note, Medicare Advantage and Medicare Prescription Drug Plan businesses are performing above expectations, and the company continues to achieve strong SG&A expense leverage.

Health Net, a Centene Corporation company (NYSE: CNC), has announced emergency support measures for members and providers affected by the Franklin Fire in Malibu Canyon, California. Following Governor Newsom's State of Emergency declaration, the company is implementing several key assistance programs including emergency prescription refills at out-of-network pharmacies, 24/7 behavioral health support, free telehealth services, and access to social services through 211. For healthcare providers, Health Net is extending grace periods for notifications, waiving prior authorizations, allowing out-of-network services, and providing flexibility for medical equipment replacement and prescription refills. The company is maintaining a dedicated support line for both members and healthcare providers to ensure continuous access to essential healthcare services during this emergency.

Health Net, a Centene Corporation company, has initiated emergency support measures in response to the Victoria Island Levee Incident in San Joaquin County, California. Following Governor Newsom's State of Emergency declaration, the company is providing comprehensive assistance to affected members and healthcare providers. Key measures include emergency prescription refills at out-of-network pharmacies, 24/7 behavioral health support, free telehealth services, and access to social services through 211. For healthcare providers, Health Net is extending grace periods for notifications, waiving prior authorizations, allowing out-of-network services, and providing flexibility for medical equipment replacement and prescription refills.

Health Net (NYSE: CNC) has awarded a $2.6 million grant to Hope Cooperative in Sacramento County to support individuals exiting the criminal justice system. The initiative includes the purchase of a 59-room motel property for interim housing and provides comprehensive services including mental health care, substance use treatment, and employment guidance. The program aims to reduce recidivism rates, which currently show 66% of former inmates are re-arrested within three years and 82% within 10 years. Through California's CalAIM program, the organization will offer Enhanced Care Management and Community Supports services. This initiative is part of Health Net's broader community investment strategy, which has committed over $158 million to community-based organizations from 2017 to 2024.

Health Net and Centene Foundation announced a $7.2 million investment to expand healthcare access through mobile health clinics in California. The initiative, called Mobile Outreach for Value, Equity and Sustainability (MOVES) program, aims to tackle care barriers by bringing preventative screenings and services directly to underserved communities. Grant recipients include AltaMed, Community Medical Centers, Kaweah Health, and Vision y Compromiso. The mobile clinics will provide preventative care, screenings, health education, and social services at local parks and community events. This investment is part of Health Net's broader commitment, which includes over $158 million in funding to community organizations from 2017-2024, and other significant investments like a $3.5 million grant to MLK Community Medical Group and $9 million for California's physician workforce development.

Superior HealthPlan, a subsidiary of Centene (NYSE: CNC), has awarded $200,000 in grants to 20 community-based organizations and healthcare providers across Texas. The funding, distributed through their annual grant program, aims to address healthcare barriers and non-medical drivers of health in low-income communities.

The grants are split between 10 community organizations and 10 healthcare providers, each receiving funding for specific projects ranging from diaper distribution programs to medical equipment purchases. Notable recipients include Her Pantry in El Paso, YMCA of Greater San Antonio, and various healthcare facilities across Texas.

Since 2020, Superior has invested over $940,000 through this grant program, supporting initiatives focused on food access, economic stability, healthcare, housing, education, and other critical needs affecting overall health and well-being.

Meridian Health Plan of Illinois, a Centene (NYSE: CNC) company, has announced a partnership with farmers markets across central and southern Illinois to combat food insecurity in 2025. The initiative offers vouchers for fresh produce purchases, with Meridian members receiving $15 in vouchers and non-members receiving $10 per market visit.

The program includes a SNAP/Link benefit doubling feature, where $25 in SNAP benefits converts to $50 for fresh produce purchases. Building on their successful 2024 pilot at Carbondale, which distributed 540 vouchers worth over $3,750 to 321 attendees, the program will expand to multiple locations including Carbondale, Champaign, Murphysboro, Marion, Anna-Jonesboro, and East St. Louis between May and September 2025.

Delaware First Health (DFH) and the Centene Foundation have announced a grant program targeting social drivers of health in Delaware. The initiative will distribute $500,000 in grants over three years, with individual grants starting at $10,000. Applications are open to Delaware-based 501c3 organizations serving the Medicaid population, with submissions accepted through June 13, 2025.

The program prioritizes projects addressing housing instability and transportation accessibility, though applications targeting other social health drivers will be considered. Organizations must demonstrate measurable outcomes and impact over time. Award announcements are scheduled for July 2025.