St. Louis-based Centene is planning to lay off roughly 2,000 workers, roughly 3% of its workforce, as its business evolves, the St. Louis-based company said Tuesday.
Medicare Advantage and Part D Star Ratings declined this year, and while that was expected, the poor showing by Centene was somewhat of a surprise, with Executive Vice President and Chief Financial Officer Andrew Asher saying during a recent earnings call that the company "has a lot of work" to do to change the star ratings around. Only four plans received a low 2-star rating,
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Medicare Advantage Star Ratings declined this year as predicted prior to their release on October 6, but Centene said this week that the results were slightly worse than expected. Only four plans received a low 2-star rating, compared to none last year in the 1-5 star rankings. All were Wellcare plans by Centene Corporation, according to the star ratings list released by the