Christian Bomer's questions to Centene Corp (CNC) leadership • Q4 2024
Question
Christian Bomer, on for Ryan Langston, asked for quantification of the final 2024 PDP margins to better understand the year-over-year progression into the 2025 guidance.
Answer
CFO Andrew Asher stated that the 2024 PDP margin was 'certainly higher' than the 1% previously indicated. He cautioned against a direct extrapolation into 2025, as each bid year is a reset with new assumptions for IRA changes. However, he noted the strong finish bodes well for execution in 2025 for what is now a $16 billion business.