India, July 1 -- Centene Corp. (CNC) announced the withdrawal of its previously issued 2025 GAAP and adjusted earnings per share guidance. This decision follows a significant and unexpected shift in marketplace risk adjustment dynamics, which materially impact the company's financial outlook.
The company said it recently reviewed early 2025 Health Insurance Marketplace data, provided by Wakely, an independent actuarial firm. This dataset covers 22 of Centene's 29 Marketplace states-representing approximately 72% of its Marketplace membership-and is based on carrier-submitted information.
Preliminary analysis of the data, combined with discussions with Wakely, indicates that overall market growth in these states has fallen short of expecta...