S&P 500 Stock Centene Dives On Medicaid Outlook

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11:22 AM ET 07/28/2026

S&P 500 health insurer Centene (CNC) blew away Q2 earnings forecasts amid lower-than-expected Affordable Care Act Marketplace benefit costs. CNC stock initially moved higher, but shares reversed sharply lower as the company discussed its outlook, including slightly higher Medicaid attrition and a more costly covered population in the second half of 2026. CNC shares gapped down, undercutting key technical support…

S&P 500 Stock Centene Dives On Medicaid Outlook

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