Michael Neidorff, the longtime chief govt officer of Centene has died, the corporate confirmed Thursday. He was 79.
Neidorff had taken a medical go away 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 pals,” Centene mentioned in an announcement and obituary launched on behalf of Neidorff’s household. A explanation for dying was not disclosed.
“Michael was Centene Company’s visionary chief for greater than 25 years,” the corporate assertion mentioned. “He constructed a exceptional American enterprise success story and his dedication to offering inexpensive, top quality well being care to probably the most weak folks reworked lives throughout the globe.”
Underneath Neidorff, Centene grew right into a nationwide healthcare big with revenues that eclipsed $126 billion in 2021 as extra People signed up for Medicaid, the medical insurance for low revenue sufferers it manages through contracts with states and particular person protection beneath the Inexpensive Care Act often called Obamacare hit document ranges throughout the pandemic. And Centene beneath Neidorff expanded into the enterprise of Medicare Benefit, the privatized well being advantages myriad well being insurers provide seniors through contracts with the federal authorities.
Whereas different well being insurers left the Obamacare enterprise, promoting particular person protection beneath the ACA, Centene not solely continued to supply such medical insurance, the corporate expanded and have become the largest supplier of such sponsored protection beneath 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 mentioned.
Neidorff was described by the St. Louis Post-Dispatch in a report Thursday as “a pillar of the St. Louis enterprise neighborhood” who turned Centene into “a significant philanthropic donor within the area.”
“Michael made variety and inclusion a central focus of his management, constructing a global company the place girls, folks of colour, LGBTQ, veterans, and folks with disabilities all have alternatives to steer and excel,” the corporate assertion mentioned.
Centene mentioned a non-public household service might be held and a memorial service for household and pals might be held at a later date.