Jim Cramer Discusses Centene (CNC) & Medicaid

We recently published 11 Stocks on Jim Cramer’s Radar. Centene Corporation (NYSE:CNC) is one of the stocks Jim Cramer recently discussed.

Centene Corporation (NYSE:CNC), the healthcare benefits manager, factored into the discussion after Cramer’s co-host, Carl Quintanilla, commented on a report pointing out that two million people were likely to lose their healthcare over the coming year. This report was from the nonpartisan Congressional Budget Office, and here is what Cramer said:

“Right and you see, and I always use Centene as the benchmark, because it does so much Medicaid, that their people are taking their numbers down, betting that they wouldn’t be able to provide what they were providing. Michael Neidorff, the late Michael Neidorff, who ran Centene explained to me, the, what can happen if they are not given incentives to write in areas. And, there are places around the country that you may not know, where the deductible goes to 500,000. And people just have to say, I guess I just don’t have the money. And it’s a shame, again, Neidorff was the king of explaining how dangerous this could be for many states in the country.”

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Disclosure: None. This article is originally published at Insider Monkey.