External Link - Source: The New York Times
Centene, a major insurer that has significantly expanded under the Affordable Care Act, is making a bold bet as the Trump administration renews its attacks on the federal health law.
The company announced on Wednesday that it had agreed to buy WellCare, a smaller publicly held insurer based in Florida, for about $15.3 billion.
The deal would create a health care giant that specialized in offering private health plans under the enormous government programs Medicare and Medicaid. The combined company, with revenues expected to approach $100 billion in 2019, would cover 22 million people in all 50 states.