Michael Niedorff, Longtime CEO Of Health Insurer Centene, Dies At 79
Former Chairman and CEO of Centene, Michael F. Neidorff has died, the corporate introduced April 7, … [+]
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Michael Neidorff, the longtime chief government officer of Centene has died, the corporate confirmed Thursday. He was 79.
Neidorff had taken a medical go away of absence two months in the past and longtime Centene government Sarah London was named chief government officer final month, changing Neidorff, who had been Centene’s CEO since 1996 and had taken on a brand new position as government chairman till the top of 2022, the corporate introduced in December. Centene beforehand introduced in December Neidorff’s plan to retire later this 12 months.
“After a prolonged sickness, Michael F. Neidorff handed away on Thursday, April 7, 2022 surrounded by his household and mates,” Centene stated in an announcement and obituary launched on behalf of Neidorff’s household. “Michael was Centene Company’s visionary chief for greater than 25 years. He constructed a outstanding American enterprise success story and his dedication to offering reasonably priced, prime quality well being care to essentially the most susceptible individuals remodeled lives throughout the globe.”
Underneath Neidorff, Centene has grown right into a nationwide healthcare big with revenues that eclipsed $126 billion in 2021 as extra Individuals join Medicaid, the medical health insurance for low revenue sufferers it manages by way of contracts with states and particular person protection beneath the Reasonably priced Care Act often called Obamacare hits file ranges. And Centene has expanded into the enterprise of Medicare Benefit, the privatized well being advantages myriad well being insurers provide senior by way of contract with the federal authorities.
Whereas different well being insurers left the Obamacare enterprise, promoting particular person protection beneath the ACA, Centene not solely continued to offer such medical health insurance, the corporate expanded and have become the largest supplier of such backed protection beneath the regulation. “(He) led the corporate in its outstanding trajectory from a $40 million single well being plan to a multinational $125 billion well being care enterprise serving 25 million members,” the corporate’s assertion stated.
