Centene Offers Companywide Buyouts Following 2 Million ACA Exits

Centene Corporation is offering a voluntary separation program to its 61,000-person workforce to reduce administrative expenses. The cost-cutting measure follows the expiration of pandemic-era enhanced subsidies, which abruptly increased out-of-pocket premium costs and priced millions of Americans out of the Affordable Care Act marketplace. The St. Louis-based managed care giant saw its total membership fall