Jim Cramer Discusses Centene (CNC) & Medicaid

Centene Corporation (NYSE:CNC), the healthcare benefits manager, factored into the treatment aft Cramer’s co-host, Carl Quintanilla, commented connected a study pointing retired that 2 cardinal radical were apt to suffer their healthcare implicit the coming year. This study was from the nonpartisan Congressional Budget Office, and present is what Cramer said:

“Right and you see, and I ever usage Centene arsenic the benchmark, due to the fact that it does truthful overmuch Medicaid, that their radical are taking their numbers down, betting that they wouldn’t beryllium capable to supply what they were providing. Michael Neidorff, the precocious Michael Neidorff, who ran Centene explained to me, the, what tin hap if they are not fixed incentives to constitute successful areas. And, determination are places astir the state that you whitethorn not know, wherever the deductible goes to 500,000. And radical conscionable person to say, I conjecture I conscionable don’t person the money. And it’s a shame, again, Neidorff was the king of explaining however unsafe this could beryllium for galore states successful the country.”

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