Centene(US:CNC)2021-03-23 14:31Company Overview - Centene's total revenue for 2020 was $111.1 billion, a 49% increase[6,8] - The company had $26.3 billion in cash and investments as of December 31, 2020[6] - Centene added 10.3 million members, a 67% increase, between years[8] - The company operates in 50 states with government-sponsored healthcare programs and 3 international markets[7,9] - Centene covers over 25 million members, representing approximately 1 in 15 individuals in the United States[7] Strategic Initiatives - The company emphasizes a diversified growth strategy across markets, products, specialty services, and M&A[12] - Centene is focused on operational efficiencies to drive margin expansion[12] - The company is integrating Magellan to deepen whole health capabilities and strengthen its position in government-sponsored programs[10] Policy and Government Relations - The American Rescue Plan includes enhanced Marketplace APTCs, ensuring individuals pay no more than 8.5% of income for premiums in 2021 and 2022[14] - The American Rescue Plan provides a two-year 5 percentage point FMAP increase for states that newly expand Medicaid[14] - The American Rescue Plan provides $350 billion in state/local funding for COVID-19 relief[14]