Medicaid

Centene and WellCare complete giant health insurance merger

Centene CEO Michael Neidorff speaks at an event.
Centene CEO Michael Neidorff. Photo: Steven Ferdman/Getty Images

Centene and WellCare have cleared all federal and state antitrust reviews, and today they finalized their merger — combining into the largest health insurer by membership, with 23.4 million covered people.

Why it matters: The health insurance industry gets a lot more consolidated with this deal, and competition will decline within state Medicaid programs and among federal Medicare plans.

Trump suggests entitlement cuts could come in his second term

Trump himself, waving his hand
Photo: JIM WATSON/AFP via Getty Images.

President Trump suggested in an interview with CNBC at the World Economic Forum Wednesday that he may consider cutting entitlement programs if elected to a second term.

Why it matters: Trump shied away from committing to cuts to social safety-net programs like Medicare, Medicaid and Social Security during his 2016 campaign. But his willingness to consider such measures now marks a shift that would likely appeal to the deficit hawks in the Republican Party.