Centene expects to sell ACA plans in 2018
Michael Neidorff, CEO of health insurance company Centene, told investors Tuesday during a first-quarter earnings call that he doesn't think the Affordable Care Act's cost-sharing subsidies will get eliminated and that he expects to stay in the exchanges next year.
Why this matters: Anthem is one of the most important ACA health insurers right now, but Centene holds a lot of power as well. Centene had 1.2 million ACA exchange members as of March 31 (or about 10% of the individual market). However, as Duke University researcher David Anderson has pointed out, Centene uses a strategy that captures the healthiest, price-sensitive shoppers.