Centene Swings to Loss on Writedown

Core Insights - Centene reported a loss in the third quarter as enrollees in Affordable Care Act plans sought more expensive medical care, highlighting the ongoing challenges faced by health insurers in restoring previous profit levels [1] Financial Performance - The company experienced a significant financial downturn, indicating a shift in enrollee behavior towards higher-cost medical services, which has adversely affected profitability [1] Industry Context - The struggles of Centene reflect broader issues within the health insurance industry, as companies grapple with rising healthcare costs and changing consumer demands [1]