Centene CEO now expects about 40% of Obamacare members to drop coverage this year

 

As ACA enrollment falls 36% to 3.5 million

• At Barclays Global Healthcare Conference Tuesday, CEO Sarah London said ACA membership attrition tracks at high-end expectations.
• London cited early data showing higher specialty pharmacy utilization in silver-tier ACA plans without risk-adjustment offsets.
• Centene announced a $1 billion partial redemption of its 4.25% notes due 2027 in an SEC filing.
• The company reaffirmed its 2026 EPS guidance in the same SEC filing announcing the notes redemption.

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