Centene (CNC) Slides on ACA-Subsidy Uncertainty as Wellcare Expands in Texas and Ambetter Adds South Carolina Plans — Nov. 10, 2025
Centene shares fell about 7% in premarket trading after President Trump called for ACA subsidies to be sent directly to consumers instead of insurers, pressuring managed-care stocks. Centene announced Wellcare will expand Medicare Advantage and Part D plans in 205 Texas counties for 2026, and Ambetter will launch statewide 2026 Marketplace plans in South Carolina. As of 14:48 UTC, CNC traded at $33.91.