Better Medicaid rates were absorbed by worse attrition
FY26 Medicaid outlook changes since 1Q; full-year HBR remained approximately 93.5%.
Table comparing Centene's prior and current FY26 Medicaid outlook. Composite rate yield improved from about 4.5% to 5.0%, while the expected year-end membership decline worsened from about 6% to 8%–9%. The full-year Medicaid HBR outlook remained about 93.5%, indicating that better rates were reserved against worse attrition and acuity rather than flowing through to guidance.
