>One of the 25 largest corporations in America, Centene brings in more revenue than Disney, FedEx or PepsiCo, but it is less known because its hundreds of subsidiaries use different names.
https://companiesmarketcap.com/largest-companies-by-revenue/
By what measure is Centene one of the US’s 25 largest corporations? Its way down at #519 in global market cap rankings, which means it is nowhere near top 25 in the US by market cap. It has $157B in revenue, so maybe that gets it close to top 25, though I still doubt it. It has less than 70k employees, which is not near top 25 either. And there are 5 other managed care organizations (aka health insurers) doing more business than Centene (UNH, Elevance, CVS, Cigna, and Humana).
It has miniscule profit margins (1.56%) because it is paying out almost all of its revenue to healthcare providers (90% medical loss ratio).
https://www.macrotrends.net/stocks/charts/CNC/centene/profit...
https://www.healthcaredive.com/news/centene-medicaid-redeter...
If this business approved more claims or paid more for the claims, it would either go out of business or become a charity. Or it would have to increase premiums.