Centene, the largest Medicaid provider, has offered voluntary buyouts to some employees as it faces higher medical costs, funding cuts, and a 6% decline in membership year-over-year. The company did not specify the number of buyouts or workforce reduction targets. Membership losses are mainly due to the expiration of enhanced federal subsidies for Affordable Care Act plans, with ACA membership expected to fall nearly 40% by the end of 2026. Centene is also preparing for significant Medicaid funding cuts over the next decade and ongoing challenges in Medicare plans.

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Centene offers companywide buyouts after losing 2M Obamacare members amid subsidy cuts

Health insurer Centene is offering voluntary buyouts to most of its 61,000 employees following a sharp loss of over two million Obamacare plan members. This enrollment drop, from 5.54 million to 3.58 million, was triggered by the failure to extend en...

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