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Centene posts $6.6B loss on massive value writedown

This story was originally published on Healthcare Dive. To receive daily news and insights, subscribe to our free daily Healthcare Dive newsletter. Dive Brief: Centene posted a net loss of 6.6billioninthethirdquarterafterrecordingamassivechargetoreflectthecompanyswaningvalueamidchallengingmarketconditions,includingRepublicancutstothehealthcaresystem.Centenerecordedanoncashgoodwillimpairmentchargeof6.6 billion in the third quarter after recording a massive charge to reflect the company’s waning value amid challenging market conditions, including Republican cuts to the healthcare system. Centene recorded a non-cash goodwill impairment charge of 6.7 billion, driving the payer deep into the red. Without the cha ...