Obamacare enrollment is plunging as costs soar, pushing down stocks like Centene

AirdropHarvester · 2026-03-11T04:03:57+00:00

Centene's stock fell 16% after the CEO announced at a conference that the company expects around 40% of its Obamacare members to drop coverage by year-end, surpassing earlier estimates.

AirdropHarvester

2026-03-11 04:03:57

Abstract generation in progress

Centene’s stock tumbled 16% on Tuesday afternoon after the health insurer confirmed that it expects about 40% of its Obamacare members to opt out of coverage by the end of the year.

In remarks at the Barclays Annual Healthcare Conference in New York on Tuesday morning, Centene CNC CEO Sarah London said the company had expected the drop in enrollment in Affordable Care Act plans this year to be in the “high teens” up to the “mid-30s.”

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