Author: Daniel snow

CNBC’s Jim Cramer offered his take on healthcare company Centene and explained why he thinks the stock plummeted on Wednesday, telling investors to stay away from the sector as a whole.”Given this news from Centene, I think the whole managed care industry is borderline un-investable right now,” he said. “And, unfortunately, things will get worse for this sector before they get better, so I just can’t justify telling you to own these stocks right now, even after they’ve already come down so dramatically.”Centene primarily provides healthcare exchanges for government programs like Medicaid and Medicare. Shares fell after it unexpectedly withdrew its full-year…

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