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Centene Corporation reports news on its government-sponsored managed care business, including Medicaid, Medicare, individual exchange coverage and Medicare Part D plans. Company updates commonly cover quarterly results, EPS guidance, membership by line of business and health-plan subsidiary activity across state markets.
Centene news also includes initiatives from the Centene Foundation and operating companies such as Health Net, Superior HealthPlan, Home State Health, Sunshine Health, Buckeye Health Plan, Carolina Complete Health and WellCare of Kentucky. Recurring themes include affordable housing, medically tailored meals, provider accessibility, workforce development, community health, social services and programs that address drivers of health for managed care members.
Meridian Health Plan of Illinois and the Centene Foundation (NYSE: CNC) have awarded $1.5 million to OSF HealthCare to expand its pregnancy and postpartum program through a new mobile maternity care unit. The three-year grant aims to serve Central Illinois communities across eight counties where access to maternal care is limited.
The initiative addresses a critical healthcare gap, as 34.3% of Illinois counties are considered maternity healthcare deserts, with some residents needing to travel up to 59 miles to reach a birthing hospital. The mobile unit will provide comprehensive prenatal and postpartum services including sonograms, lab work, vaccinations, and blood pressure monitoring, starting operations in July 2025.
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Centene Corporation (NYSE: CNC) has withdrawn its previously issued 2025 GAAP and adjusted diluted earnings per share (EPS) guidance due to significant challenges in its Health Insurance Marketplace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.
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.