Published May 1, 2023
Health insurance in Arlington and those in other parts of the country are pushing revenues for health insurance companies through the roof. One of the largest insurers in the game today is Centene, which recently posted one of the more unique fourth quarter earnings reports according to Forbes. Per the organization, Centene reported a $213 million quarterly loss in early February but said in the same breath that its fourth quarter revenues stood at $35.6 million, which is up from 9% from the previous year. Centene said its loss was due in part to “impairments of assets associated with the divestitures of certain businesses and real estate.” Yet it also cited growth of sales and membership in its Medicaid and Medicare plans as the biggest reason for the continued momentum.
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Centene continues to be one of the major players in today’s race to offer affordable healthcare for all under the inflated subsidies offered by the Affordable Care Act. This includes individuals, groups, and families with Arlington health insurance. To continue its dominance in the health insurance space, Centene said it is “increasing its 2023 premium and service revenues guidance range by $2 billion” to reflect additional Medicaid premium revenue and commercial premium revenue from highly successful open enrollment periods. Centene’s chief executive, Sarah London was quoted in Forbes as saying the company “delivered strong financial results, exceeding most recent full year guidance. … This positive momentum positions Centene well for 2023 and beyond as opportunities are maximized ahead for the core business.”
Rick Thornton, an Arlington health insurance agent , said the Affordable Care Act has helped health insurance carriers nationwide exceed expectations in quarterly results. Centene is no different and should be a shining example of the positive direction the U.S. healthcare scene is heading in the near future.
Insurance4Dallas, (I4D), helps insure all of Texas, Oklahoma, Arkansas, Arizona, Louisiana, New Mexico, Alabama, Virginia and Florida. Insurance4Dallas provides consumers with detailed information on health insurance with the ability to purchase health insurance online. Insurance4Dallas provides a full spectrum of health, dental, vision, life and ancillary insurance products, providing a diverse selection of price and benefit options complemented by personal customer service. Available via phone, email or fax, Insurance4Dallas answers consumer questions throughout the purchasing process and during the utilization of its health insurance policies.
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