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Centene Monday confirmed plans to offer a “Voluntary Separation Program to support employees who may be considering a transition,\u201d the company said in a statement June 15, 2026<\/span><\/p>\n Centene<\/small><\/div>\n<\/div>\n<\/figure>\n Health insurer Centene, looking to cut costs after losing more than two million Obamacare health plan members, Monday confirmed plans to offer companywide buyouts to most employees. <\/p>\n In April, Centene reported first quarter net income of more than $1.5 billion despite a drop of 2 million enrollees in individual coverage under the Affordable Care Act also known as Obamacare. Centene is one of the nation\u2019s largest providers of Obamacare and the enrollment disclosure as part of the company\u2019s first quarter earnings report <\/a>is a snapshot into what health insurers and Americans who buy their coverage are facing after Congress and the Trump administration failed to renew enhanced subsidies.<\/p>\n Centene, which has 61,000 employees, didn\u2019t disclose whether there was a specific number of workers that the company expected to take a buyout. <\/p>\n \u201cCentene is positioning the company to lead the future of healthcare – working to deliver a simpler and better experience for our members and partners while meeting the realities of today\u2019s healthcare environment,\u201d the company said in a statement. “Today we announced a Voluntary Separation Program to support employees who may be considering a transition.\u201d<\/p>\n Like other health insurers, Centene has been working to reduce administrative costs and other expenses. Centene\u2019s first quarter earnings report indicated high healthcare costs that have been a drag in past earnings may be stabilizing somewhat as the company\u2019s health benefits ratio, which is the percentage of premium spent on medical costs was down slightly to 87.3% for the first quarter of 2026 compared to 87.5% in the first quarter of 2025.<\/p>\n