Centene
Compare Centene…Government-program pure-play — Medicaid managed care + ACA marketplace; ~$163B 2024 revenue; recently exited Magellan Specialty Health.
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CenteneGovernment-program pure-play — Medicaid managed care + ACA marketplace; ~$163B 2024 revenue; recently exited Magellan Specialty Health.
Year-end medical membership (millions) across Medicaid Managed Care, ACA Marketplace, Medicare Advantage, and TRICARE. Medicaid has historically been Centene's core (largest US Medicaid MCO), but the post-PHE redetermination cycle (2023-2024) cost ~3M Medicaid members while Marketplace nearly doubled.
2020 — 2024
Source: Centene Corporation 10-K filings (membership tables, 2020-2024) (Updated: 2024-FY)
Total consolidated revenue (USD billions). Centene continued growing topline through the 2023-2024 Medicaid redetermination cycle despite losing ~3M Medicaid members — premium rate increases and Marketplace book expansion more than offset the volume loss.
2020 — 2025
Source: Centene Corporation 10-K filings + 2025 full-year earnings release (Updated: 2025-FY)
Quarterly breakdown of revenue by product line and service category
2021-Q2 — 2026-Q1
Data from SEC filings via FMP • 57 periods available