(Reuters) – Centene said on Wednesday the health insurer had higher-than-expected claims receipts in April for the first quarter as well as April 2024, indicating continued medical costs in Medicaid.
Medicaid is the federal health program for low-income people and families in the United States.
Earlier in the day, shares of U.S. health insurers fell after UnitedHealth Group cited a near-term disturbance around reimbursement rates for Medicaid due to program-wide enrollment hurdles that began about a year ago.
Centene also said it expects to reaffirm the 2024 adjusted profit forecast of greater than $6.80.
(Reporting by Sneha S K in Bengaluru)
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