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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(Reuters) -U.S. health insurer Centene said on Tuesday it has withdrawn its 2025 earnings forecast, sending its shares down nearly 22% in extended trading.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='/mh/news-article-detail.aspx?id=155564'>NJ AG investigating after Fort Lee police shoot woman in ‘mental health crisis’</a></p> <p><a href='/mh/news-article-detail.aspx?id=155555'>How understaffing, mental health failures led to ‘mounting crisis’ in Richland County jail</a></p> <p><a href='/mh/news-archive.aspx'>News Archive</a></p> </div> </div> </div> </div> </div> </div> </div> </section> </div> <!-- FOOTER --> <footer class="footer"> <!-- FOOTER INFO --> <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" alt="Footer Logo" style="width: 200px;"></a> <div class="genericContent" id="landingPageText"> <p>The Network of Care for Mental/Behavioral Health is an online information portal for individuals, families and social service agencies concerned with community mental health services, substance use treatment programs and help for people with developmental disabilities.</p> </div> <h3 id="lblTechAssistance" style="color: #fff; 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