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Centene's Obamacare enrollment drops 2M after subsidy cuts, but Q1 net income rises to $1.5B.

Company Fundamentals
28 Apr 2026
Forbes
View Source
Bearish
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Centene reported a significant drop in Obamacare enrollment by 2 million to 3.58 million in Q1 2026, following the end of enhanced subsidies by Congress and the Trump administration. Despite this decline, Centene's net income rose to $1.5 billion, driven by growth in Medicaid and Medicare businesses. The subsidy cuts have led to higher premiums, causing many to drop coverage, but Centene remains optimistic about its long-term earnings and operational improvements. The company raised its full-year earnings guidance, signaling confidence despite enrollment challenges.

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