Michael F. Neidorff was an American business entrepreneur who served as the CEO of Centene Corporation from 1996 until March 2022.
Longtime CEO of Centene Health Insurance, Michael Niedorff, has died at the age of 79.
Centene said Thursday that Michael Neidorff, the company’s longtime CEO, has passed away. He was 79 years old at the time.
Neidorff had taken a medical leave of absence two months prior, and Sarah London, an internal Centene employee, was elected CEO last month, succeeding Neidorff, who had been the company’s CEO since 1996. According to the company, Neidorff had taken on a new job as executive chairman until the end of 2022, and he planned to retire later this year.
“After a long illness, Michael F. Neidorff passed away surrounded by his family and friends on Thursday, April 7, 2022,” Centene said in a statement and obituary released on behalf of Neidorff’s family. The reason for death has not been revealed.
Michael was Centene Corporation’s visionary leader for more than 25 years,” the company statement said. “He built a remarkable American business success story and his commitment to providing affordable, high-quality health care to the most vulnerable people transformed lives across the globe.”
Centene grew into a national healthcare behemoth under Neidorff’s leadership, with revenues surpassing $126 billion in 2021 as more Americans signed up for Medicaid, the low-income patient health insurance it administers through state contracts, and individual coverage under the Affordable Care Act, also known as Obamacare, reached new highs during the pandemic. Centene grew into the Medicare Advantage industry under Neidorff, the privatized health benefits that a variety of health insurers give seniors through contracts with the federal government.
While other health insurers abandoned the Obamacare business of selling individual coverage under the Affordable Care Act, Centene not only kept providing such coverage through a difficult period in 2016 and 2017 but also expanded and is now the largest provider of such subsidized coverage under the law.
Michael F. Neidorff Age, Family, and Early Life
Neidorff grew raised in Altoona, Pennsylvania, and was born in 1943. He was 79 years old when he passed away.
There are no details on the parents of Michael at the moment.
Which school and college did he go to?
He graduated from Altoona High School in 1961.
In 1965, he graduated from Trinity University with a bachelor’s degree in political science and a master’s degree in industrial relations from St. Francis College.
Michael F. Neidorff Career, What was his profession?
In the 1980s, Neidorff served as president and chief executive officer of Physicians Health Plan of Greater St. Louis, as well as director of worldwide consumer products at Miles Laboratories.
In 1995, he was named CEO of Group Health Plan and vice president of Coventry Corp., the company’s parent. He became the chief executive officer of Centene, which was then known as Coordinated Care Corp., the following year.
In 2018, Neidorff was mentioned in a complaint alleging that Centene neglected to disclose Health Net’s possible tax exposure before the acquisition. Neidorff joined the White House economic recovery task committee on reopening the US following the COVID-19 pandemic in April 2020.
Neidorff got $4.7 million in bonuses in 2020, bringing his total annual profits to $24.96 million while laying off 3000 employees.
In 2017, Neidorff was named to Fortune’s Businessperson of the Year list.
Michael F. Neidorff Net Worth, How much does he earn?
As of 2022, Michael F. Neidorff’s net worth is predicted to be at least $660 million USD.
Michael F. Neidorff Wife, Was he married? Any children?
Michael Neidorff was married and has two children with Noémi Neidorff.
Is he available on any kind of social media platform?
After a quick search for the social media reach of Michael, we weren’t able to find him on any sort of social platform.
Body Appearance of Michael F. Neidorff’s Height, Weight
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