Michael Neidorff, the longtime chief govt officer of Centene has died, the corporate confirmed Thursday. He was 79.
Neidorff had taken a medical depart of absence two months in the past and inside Centene govt Sarah London was named chief govt officer final month, changing Neidorff, who had been Centene’s CEO since 1996. Neidorff had taken on a brand new function as govt chairman till the top of 2022 and he deliberate to retire later this 12 months, the corporate had introduced in December.
“After a prolonged sickness, Michael F. Neidorff handed away on Thursday, April 7, 2022 surrounded by his household and mates,” Centene stated in a press release and obituary launched on behalf of Neidorff’s household. A explanation for demise was not disclosed.
“Michael was Centene Company’s visionary chief for greater than 25 years,” the corporate assertion stated. “He constructed a exceptional American enterprise success story and his dedication to offering inexpensive, prime quality well being care to probably the most weak individuals remodeled lives throughout the globe.”
Below Neidorff, Centene has grown right into a nationwide healthcare large with revenues that eclipsed $126 billion in 2021 as extra Individuals join Medicaid, the medical health insurance for low revenue sufferers it manages by way of contracts with states and particular person protection underneath the Reasonably priced Care Act referred to as Obamacare hits file ranges. And Centene has expanded into the enterprise of Medicare Benefit, the privatized well being advantages myriad well being insurers supply senior by way of contract with the federal authorities.
Whereas different well being insurers left the Obamacare enterprise, promoting particular person protection underneath the ACA, Centene not solely continued to supply such medical health insurance, the corporate expanded and have become the most important supplier of such sponsored protection underneath the regulation. “(He) led the corporate in its exceptional trajectory from a $40 million single well being plan to a multinational $125 billion well being care enterprise serving 25 million members,” the corporate’s assertion stated.
Neidorff was described by the St. Louis Post-Dispatch in a report Thursday as “a pillar of the St. Louis enterprise group” who turned Centene into “a significant philanthropic donor within the area.”
“Michael made variety and inclusion a central focus of his management, constructing a world company the place girls, individuals of shade, LGBTQ, veterans, and folks with disabilities all have alternatives to steer and excel,” the corporate assertion stated.