The Insurer That's Crushing It in Obamacare

The Insurer That's Crushing It in Obamacare

Worry that Obamacare is on life support doesn't seem to scare Centene Corporation (NYSE: CNC) CEO Michael Neidorff. Over the past few years, he's been significantly increasing Centene's exposure to the exchanges, and at a time when other insurers are retreating from the Affordable Care Act, that's translating into big money for the insurer. Here's Centene's secret to success and why investors might want to stash its shares in their portfolio.

As a refresher, the Affordable Care Act, or as it's more commonly called, Obamacare, mandates that Americans have health insurance or pay a penalty. Insurers can compete for customers on state-run insurance marketplaces, or, in the case of many states, through the federally run marketplace, Healthcare.gov.

IMAGE SOURCE: GETTY IMAGES.

Continue reading

Source: Fool.com