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Centene profiting from ACA plans, Medicaid expansion
Modern Healthcare

UnitedHealth Group may be abandoning most of the Affordable Care Act’s insurance exchanges due to steep losses. But Centene Corp. is doing just fine in the marketplaces.

Centene, which just closed on its $6 billion takeover of Health Net last month, did not disclose its profit margin on the ACA exchange plans, but it is “achieving margins at the higher end of our targeted range,” Centene CEO Michael Neidorff said on a call with investors and analysts Tuesday. UnitedHealth, by comparison, estimates ACA losses north of $1 billion for 2015 and 2016.