What the business leans on

1. 1State and federal government contracts and funding support much of the business; states set Medicaid eligibility, benefits and payment rates, while federal rules and payments shape Medicaid and Medicare.
2. 2Florida and New York each accounted for approximately 10% or more of consolidated Medicaid premium revenue (year ended December 31, 2025, high).
3. 3Centene relies on doctors, hospitals, pharmacies and other providers to join and maintain networks that members can use.
4. 4Medicare prescription drug plan revenue and costs depend on annual bids and federal payment and risk-sharing rules.