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Medicaid insurer Centene's (CNC -5.7%) Q1 EPS edged lower Y/Y on higher medical costs from...

Medicaid insurer Centene's (CNC -5.7%) Q1 EPS edged lower Y/Y on higher medical costs from adding new business, but it raised its 2012 profit target amid a $500M increase in expected revenue. CEO Michael Neidorff calls the quarter "mixed," noting the period tends to be volatile and that high medical costs in new markets can take three to four months to normalize.
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