Centene (BSP:C1NC34) Medical Loss Ratio % : 0.00% (As of . 20)

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What is Centene Medical Loss Ratio %?

Medical Loss Ratio % is the percentage of the insurance premium that insurers use to pay for medical claims and activities that improve the quality of care. A lower Medical Loss Ratio % indicates better profitability of the company.

The historical rank and industry rank for Centene's Medical Loss Ratio % or its related term are showing as below:

BSP:C1NC34's Medical Loss Ratio % is not ranked ^*
in the Healthcare Plans industry.
Industry Median:
* Ranked among companies with meaningful Medical Loss Ratio % only.

Centene Medical Loss Ratio % Historical Data

The historical data trend for Centene's Medical Loss Ratio % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Centene Medical Loss Ratio % Chart

Centene (BSP:C1NC34) Medical Loss Ratio % Explanation

Medical Loss Ratio % is the percentage of the insurance premium that insurers use to pay for medical claims and activities that improve the quality of care. For example, if an insurer uses 80 cents out of every premium dollar to pay its customers' medical claims and activities that improve the quality of care, the company has a Medical Loss Ratio % of 80%.

Medical claims are medical bills submitted to health insurance carriers and other insurance providers for services rendered to patients by care providers. When you go to the doctor, hospital or other provider, your service generates a bill. This bill then becomes a medical claim to your insurance carrier to process for payment.

Quality of care involves activities such as engaging and involving the patient, so the patient takes ownership in preventive care and in the treatment of diagnosed conditions.

Centene Medical Loss Ratio % Related Terms

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Centene (BSP:C1NC34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Plans » Centene Corp (BSP:C1NC34) » Definitions » Medical Loss Ratio %

Comparable Companies

Traded in Other Exchanges

CNC:USA CNC:Mexico 1CNC:Italy QEN:Germany

Address

7700 Forsyth Boulevard, Centene Plaza, St. Louis, MO, USA, 63105

Website

https://www.centene.com

Centene is a managed-care organization focused on government-sponsored healthcare plans, including Medicaid, Medicare, and the individual exchanges. Centene served 24 million medical members as of June 2023, mostly in Medicaid (67% of membership), the individual exchanges (14%), and Medicare Advantage (6%) plans. The company also serves traditional Medicare users with its Medicare Part D pharmaceutical program.

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