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More ACA exchange members, Fidelis deal bolster Centene’s revenue
Modern Healthcare

Centene Corp.’s Affordable Care Act exchange membership reached nearly 1.5 million last year, helping boost the health insurer’s revenue during the fourth-quarter and full-year 2018. In January, after the ACA open enrollment period ended, Centene’s exchange membership surged to almost 2 million, giving it about 20% market share of the entire ACA exchange population, the company said Tuesday. St. Louis-based Centene, which primarily serves Medicaid beneficiaries across the nation, has in recent years solidified itself as the dominant insurer on the exchanges, owing to its experience covering low-income Americans in narrow network plans. That didn’t change in 2018, when Centene grew its ACA exchange membership by half a million over the previous year.