The company absolutely went down hill after Michael F. Neidorff died. The executives decided to save a little money and offshore to the Philippines. Guess what Centene. Americans don't like talking to foreigners.! We get sc--wed on jobs from H1B's and the companies offshore jobs elsewhere. it cost you your Medicare business and stock price.
5 replies (most recent on top)
@ap I neve stopped complaining.
@ap Looks like another bad day on tap for CNC. Down 7% this Monday morning pre-market opening. Looks more and more like those ACA subsidies are not going to be renewed. Bad time to be in the insurance business
@ax Labor costs = Jobs. Kinda the wrong site to be promoting job cuts, no?
Huh? It’s up again today.
You really got to get of MFN’s junk. This company as being run into the ground and still suffers from the lack of action after acquisitions. It was a standing joke in the industry that Centene liked to acquire but not integrate. Our competition DID integrate and we are paying for it dearly now in terms of skyrocketing labor and operational costs.
CNC currently trading at $36.84 from this summer’s low of $25.08. I’m not saying this would have happened if MFN were still around, but your headline and complaints about the stock price are late to the party.