Centene tops estimates on new, expanded Medicaid contracts

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Centene tops estimates on new, expanded Medicaid contracts

(Reuters) - Health insurer Centene Corp reported a better-than-expected quarterly profit as it added more states under its Medicaid contracts and expanded its coverage in existing ones. The company raised its full-year forecast for premium and service revenue to $10.1 billion to $10.4 billion, and reiterated its profit forecast of $2.60 to $2.90 per share. "We believe we are well positioned for profitable growth in 2014 and beyond," CEO Michael Neidorff said in a statement. ...

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