Centene withdraws 2025 forecast after review of marketplace risk adjustment

- 7/1/2025

</head><body><p>(Reuters) -U.S. health insurer Centene said on Tuesday it has withdrawn its 2025 earnings forecast, sending its shares down nearly 22% in extended trading.</p><p>The company said a preliminary data from 22 of the 29 U.S. states where Centene offers marketplace plans suggested a $1.8 billion drop in risk adjustment revenue, equivalent to a $2.75 hit to adjusted earnings per share.</p><p>The drop in risk adjustment payments, which are meant to balance costs for covering higher-risk patients, is likely to weigh on Centene's earnings this year.</p><p>The company also reported elevated Medicaid medical costs in states like New York and Florida, particularly in behavioral health, home care and drug spending.</p><p>Centene is finalizing its second-quarter results and reviewing data from its Marketplace and Medicaid businesses, with plans to report results on July 25.</p><p>The data was provided by independent actuarial firm Wakely and covers about 72% of Centene's marketplace membership.</p><p> (Reporting by Arunima Kumar in Bengaluru; Editing by Maju Samuel)</p></body></html></p> <div id="news-wrapper"> <div class="thumbnail additional-resources client-content-image-box"> <div class="box-image" style="background-image: url(/images/home/news.jpg);"></div> <div class="caption"> <h3>Nationwide News</h3> <div> <p><a href='/family/news-article-detail.aspx?id=155514'>New childcare program could help hundreds of Warren County families</a></p> <p><a href='/family/news-article-detail.aspx?id=155423'>School board passes free child care initiative for employees</a></p> <p><a href='/family/news-archive.aspx'>News Archive</a></p> </div> </div> </div> </div> </div> </div> </div> </section> </div>  <footer class="footer">  <div class="clearfix footerInfo"> <div class="container"> <div class="row"> <div class="col-sm-7 col-xs-12"> <div class="footerText"> <a href="http://www.trilogyir.com/" target="_blank" class="footerLogo"><img src="/images/Noc-Logo-white.png" 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Centene withdraws 2025 forecast after review of marketplace risk adjustment