Centene Corporation, a Fortune 500 company focused on health care, recently announced that it would expand its reach as part of the Health Insurance Marketplace to three more states - Nevada, Kansas and Missouri - in 2018. It currently serves six states, including Florida, Georgia, Washington, Ohio and Indiana. The company also noted that it will broaden its care in states it currently works in. It is one of the largest health insurers in the exchange - especially as competitors have withdrawn from the exchange in recent weeks.
Since 2016, Centene has doubled its reach, helping over 1 million patients. According to WIBW, the health care company works with providers that focus on Medicaid, offering an essential service. It would continue to work with these communities in the new states.
"Centene recognizes there is uncertainty of new healthcare legislation, but we are well positioned to continue providing accessible, high quality and culturally-sensitive healthcare services to our members," said Michael F. Neidorff, chairman, president and CEO for Centene, in a press release.
The U.S. financial markets reacted well to the news, gaining two points following the announcement.