UnitedHealth Group Inc.

Key ACA insurer urges gov't to keep customer subsidies

One of the biggest insurers in the Affordable Care Act's marketplaces is warning the federal government that it must preserve cost-sharing payments for low-income customers to avoid hurting millions of people.

Centene Corp. said Tuesday that a better-than-expected performance in those individual insurance markets prompted it to beat Wall Street expectations in the second quarter and raise its forecast for 2017.

But Chairman and CEO Michael Neidorff, like other insurance executives, is worried about the fate of cost-sharing reduction payments that ease expenses like deductibles for people with low incomes. Money for those payments has made it into Congressional bills that aim...