Medicaid expansion drove revenue growth at insurers in the first quarter, and Centene's (NYSE: CNC ) shares have rallied to new highs on expectations that growth continued through the second quarter.
Over 6 million people have signed up for Medicaid coverage since the Affordable Care Act launched last fall, providing signficant support for companies such as Centene, Molina (NYSE: MOH ) and Health Net (NYSE: HNT ) that run state programs.
In the following slideshow, I address Centene's exposure to Medicaid enrollment growth and provide insight into key considerations investors should keep in mind when Centene reports earnings on July 22.
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