Centene posts $6.6B loss as health care giant grapples with rising medical costs

NodeGuardian · 2026-02-21T18:47:52+00:00

Centene reported a $6.6 billion loss, driven by a $6.7 billion goodwill impairment. This setback resulted from rising medical costs, Congressional Medicaid cuts, and the end of marketplace subsidies.

NodeGuardian

2026-02-21 18:47:52

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Centene, a managed care giant, reported a $6.6 billion loss, primarily due to a $6.7 billion goodwill impairment charge. This financial setback was attributed to rising medical costs, cuts in Medicaid funding by Congress, and the lapse of marketplace subsidies.

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