Thanks to Donald Trump's so-called One Big Beautiful Bill Act, access to reproductive health care in the United States just took another devastating hit. The Atlantic is calling it the biggest anti-abortion victory since DOBS. And here's why. Buried in the mega bill is a provision that blocks healthc care nonprofits that offer abortions from receiving Medicaid funds for other services that they provide. So, to be clear, this is not a ban on Medicaid funds being used for abortion. Federal Medicaid funds are ...

Centene Corporation (NYSE: CNC) suffered a historic collapse on July 2, plunging nearly 40% after withdrawing its full-year guidance.The company blamed mounting challenges in its Medicaid and Affordable Care Act (ACA) businesses. CNC closed the last trading session at $33.31, down 38% over the past week.CNC one-week stock price chart. Source: Google FinanceSuspicious CNC stock Congress trades Amid the turmoil, disclosures show that four United States House members sold CNC shares between May 12 and May 30, ...

A ruling by the Supreme Court made on the second to last day of its term will have major implications for Planned Parenthood. The court ruled for South Carolina yesterday in its effort to defund the reproductive health care group, concluding Medicaid patients cannot sue the state over its attempt to deny Planned Parenthood Medicaid funding. The ruling was along ideological lines with all six conservative justices backing the decision and the three liberal judges opposing it.Let's bring in senior Supreme Cou ...

Today, the conservative majority on the United States Supreme Court ruled that states can effectively defund Planned Parenthood, the country's largest provider of reproductive health care. In a 63 ruling, the court changed federal law allowing states to unilaterally cut off all Medicaid funding from Planned Parenthood simply on the basis that it provides abortion care. Now, to be clear, abortion makes up only 3%. Abortion care only makes up 3% of Planned Parenthood services.It is a crucial 3% but it's 3%. T ...

Financial Data and Key Metrics Changes - The company reported a GAAP diluted earnings per share of $1.37, an increase of 15.1% year-over-year, and adjusted diluted earnings per share of $1.52, an increase of 16.9% [27] - Consolidated GAAP revenue and adjusted revenues were both $1,200,000,000, reflecting a 16.1% increase [27] - GAAP net income was $80,300,000, up 16.6%, while adjusted net income reached $89,000,000, an increase of 18% [28] Business Line Data and Key Metrics Changes - Same store occupancy increased to 82.6%, while transitioning occupancy rose to 83.5% compared to the prior year [9] - Skilled census increased by 7.6% for same store operations and 9.9% for transitioning operations [9] - Managed care census grew by 8.9% for same store and 15.6% for transitioning operations [9] Market Data and Key Metrics Changes - The company added 47 new operations since January 2024, including 19 new operations in Q1 2025 across various states [13] - The company is expanding its presence in Tennessee, Alabama, Oregon, and Alaska, indicating growth in these new markets [14][16] Company Strategy and Development Direction - The company is raising its annual 2025 earnings guidance to between $6.22 and $6.38 per diluted share, reflecting a 14.5% increase over 2024 results [10] - Annual revenue guidance has been increased to $4,890,000,000 to $4,940,000,000, up from $4,830,000,000 to $4,910,000,000 [11] - The company emphasizes disciplined growth and a focus on local leadership to drive operational improvements and acquisitions [18][19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to continue achieving sustainable growth despite external challenges [32] - The operating environment is expected to present both near-term and long-term opportunities for acquisitions due to struggles faced by many operators in the industry [18] - Management is actively involved in advocacy regarding potential changes in Medicaid funding and is optimistic about the focus on the expansion population [42][45] Other Important Information - The company reported cash and cash equivalents of $282,700,000 and cash flow from operations of $72,200,000 [28] - A quarterly cash dividend of $6.25 per common share was paid, marking 22 consecutive years of annual dividend increases [30] - The company completed a $20,000,000 stock repurchase program, indicating confidence in its share valuation [30] Q&A Session Summary Question: Overview of managed care contracting and its impact on guidance - Management highlighted their long history with managed care and the importance of local partnerships to drive clinical success and financial returns [35][36] Question: Thoughts on potential Medicaid cuts and policy changes - Management is actively involved in advocacy and has met with congressional leaders to educate them on the implications of potential funding changes [41][43] Question: Changes in deal volume and market dynamics - The company noted a strong deal flow and emphasized a disciplined approach to acquisitions, with a focus on real estate [49][50] Question: Staffing constraints and their impact on admissions - Management indicated that while the sector has not fully recovered, their operators have successfully filled positions to maintain occupancy levels [55][56] Question: Competitive landscape and economics in new markets - Management stated that competition remains consistent and expressed optimism about achieving similar economics in new markets as in established ones [66][70]