Centene says it's "very bullish" about ACA
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The chief financial officer of health insurer Centene told investors today that the market for Affordable Care Act coverage is strong, despite the political turmoil surrounding it. "We remain very bullish about the exchange business both for ourselves and also the stability of the market," CFO Jeff Schwaneke said, according to Modern Healthcare.
By the numbers: Centene has a big presence in the ACA. It covers roughly 1.5 million people in the exchanges, and is also expanding its Medicaid business in several states. Growth in those markets helped Centene pull in more than $14 billion in revenue in the second quarter, per Modern Healthcare.