Michael Neidorff Obituary, Cause Of Death – Michael Neidorff, the longtime chief executive officer of Centene has died, the company confirmed Thursday. He was 79. The circumstances surrounding the cause of death of the deceased had not been announced at the time of this publication.
“After a lengthy illness, Michael F. Neidorff passed away on Thursday, April 7, 2022 surrounded by his family and friends,” Centene said in a statement and obituary released on behalf of Neidorff’s family. A cause of death was not disclosed.
According to forbes.com, Neidorff had taken a medical leave of absence two months ago and internal Centene executive Sarah London was named chief executive officer last month, replacing Neidorff, who had been Centene’s CEO since 1996. Neidorff had taken on a new role as executive chairman until the end of 2022 and he planned to retire later this year, the company had announced in December.
Under Neidorff, Centene grew into a national healthcare giant with revenues that eclipsed $126 billion in 2021 as more Americans signed up for Medicaid, the health insurance for low income patients it manages via contracts with states and individual coverage under the Affordable Care Act known as Obamacare hit record levels during the pandemic. And Centene under Neidorff expanded into the business of Medicare Advantage, the privatized health benefits myriad health insurers offer seniors via contracts with the federal government.
While other health insurers left the Obamacare business, selling individual coverage under the ACA, Centene not only continued to provide such health insurance through a rough period in 2016 and 2017, the company expanded and is today the biggest provider of such subsidized coverage under the law.
But Andy Slavitt, former head of the Centers for Medicare & Medicaid Services during the Obama administration, said he called Neidorff at that time and the CEO agreed to enter Maricopa County, Arizona, the largest market in the state that includes Phoenix.
His fellow health insurance company executives praised his work, calling him among the first to address patients in “under-represented and underserved communities,” said Matt Eyles, president and CEO of America’s Health Insurance Plans (AHIP), the trade and lobby for the health insurance industry.
Centene said a private family service will be held and a memorial service for family and friends will be held at a later date.