Centene Lifts Annual Profit Forecast
Centene raised its annual profit forecast after reporting better than expected third quarter results. Cost control measures and higher premium revenues helped offset membership declines.
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Centene Corp raised its annual profit forecast on October 27 following better-than-expected third-quarter results driven by tight cost controls and higher premium revenues. The health insurer lifted its full-year adjusted profit outlook despite an ongoing decline in membership across its healthcare plans. The earnings beat highlights steady progress toward the company's 2027 profit improvement goals.