Centene Corp. CEO Michael Neidorff is assuring investors his company can “navigate” any potential federal policy changes to the health care industry.
On Tuesday’s quarterly earnings call, Neidorff said Centene has “three decades of experience spanning five presidents from both sides of the aisle.”
Despite the uncertainties in Washington, he said the company is taking a “business as usual approach.”
Neidorff is referring to the questions that still linger about the future of the Affordable Care Act, a law that has greatly benefited the Clayton-based managed-care and health insurance company. The law has allowed the company to enter into expanded contracts with states to provide health services to more Medicaid recipients, and it has created new markets, allowing Centene to sell plans directly to consumers. Marketplace plans have proven profitable for Centene, unlike some of its competitors.
Republicans, who had previously vowed to repeal and replace the Affordable Care Act, are now taking a softer approach aimed at fixing, not repealing, the legislation.
Any change could be significant to the company, which manages the health benefits for the largest number of Medicaid recipients in the country.
Read more: St. Louis Post-Dispatch