Centene expands offerings in 10 states as acquisition with WellCare continues

Centene Corp., the St. Louis-based health company that is acquiring Tampa’s WellCare Health Plans in a $17.3 billion transaction, has expanded its offerings in the 2020 Health Insurance Marketplace in 10 states.

The health care insurance provider (NYSE: CNC) announced last month that the acquisition, expected to close in the first half of 2020, is ahead of schedule in seeking insurance approval in more than two dozen states.

The latest announcement expands Centene’s reach into Arizona, Florida, Georgia, Kansas, North Carolina, Ohio, South Carolina, Tennessee, Texas and Washington.

The health care giant, as of June 30, has served approximately 1.9 million exchange members across 20 states. Of those members, more than 90 percent are eligible for subsidies, according to a statement from Centene.

“The need for affordable, high quality health care has never been more urgent, and we will continue to demonstrate disciplined execution, agility and capacity to successfully navigate industry changes to the benefit of our members, customers and shareholders.”
― Michael F. Neidorff, chairman, president and CEO for Centene

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