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4-Traders Homepage  >  Equities  >  Nyse  >  Molina Healthcare, Inc.    MOH

Delayed Quote. Delayed  - 08/29 10:02:01 pm
54.1 USD   -0.07%
08/17 MOLINA HEALTHCA : Announces Commencement of Offer to Exchange Its Pr..
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08/17 MOLINA HEALTHCA : Wellness fair in Newport on Aug. 31
News SummaryMost relevantAll newsSector news 

Illinois Wins Federal Nod for Medicaid/Medicare Coverage Plan

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02/22/2013 | 10:59pm CEST
   By Jon Kamp 

Federal authorities have signed off on an Illinois program that will launch later this year to link Medicare and Medicaid coverage for more than 135,000 patients on both government health programs.

The approval solidifies a demonstration program that promises new business for several health insurers--including Molina Healthcare Inc. (>> Molina Healthcare, Inc.), Centene Corp. (>> Centene Corp), Aetna Inc. (>> Aetna Inc.), Humana Inc. (>> Humana Inc.) and Cigna Corp. (>> CIGNA Corporation)--picked by the state last November to cover so-called dual-eligible patients. Insurers are slated to start coordinating care for dual patients in the Chicago area and central Illinois in October.

The state is one of about two dozen aiming to test ways to better cover patients who qualify for both Medicare and Medicaid due to age or disability, plus lack of financial resources. The states' goal--working with the federal government with some help from the health-care overhaul law--is to streamline a sometimes-confusing system while improving care and restraining costs.

Friday's approval from the Centers for Medicare and Medicaid Services is just the fourth thus far, following approved projects in Massachusetts, Ohio and Washington. Critics have questioned whether the federal government is shifting too many patients into unproven systems in these demonstration programs, rather than slowly testing new coverage ideas. But states share Medicaid costs with the federal government, and they've been eager to jump on board in search of savings.

There are risks involved for health plans because dual patients tend to have complex and costly medical problems. Still, managed-care firms are jockeying for position to win contracts in hopes of tapping a huge, emerging market. There are about nine million dual patients nationally racking up at least $300 billion in annual spending, outpacing costs for average members in either Medicare or Medicaid.

In addition to the publicly traded health plans, Illinois also picked a few private plans to cover dual patients there.

"This federal approval represents a major step forward for our efforts to transform Illinois' Medicaid system from a program that simply pays medical bills, to a wellness system," Illinois Gov. Pat Quinn said in a press release. "By aligning these two programs, we will provide seamless, coordinated care and create an incentive for health care providers to do a better job of keeping people healthy and treating them when they become sick."

Write to Jon Kamp at jon.kamp@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

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08/17 MOLINA HEALTHCARE INC : Other Events, Financial Statements and Exhibits (form 8-..
08/17 MOLINA HEALTHCARE : Announces Commencement of Offer to Exchange Its Privately Pl..
08/17 MOLINA HEALTHCARE : Health For California Hosts General Agency for Molina, a Fas..
08/17 MOLINA HEALTHCARE : Wellness fair in Newport on Aug. 31
08/16 MOLINA HEALTHCARE : Health For California Hosts General Agency for Molina, a Fas..
08/16 MOLINA HEALTHCARE : Meet Me at the Park event encourages outdoor activity for th..
08/13 MOLINA HEALTHCARE : NM health exchange’s CEO resigns for Molina post
08/12 MOLINA HEALTHCARE : CEO of New Mexico's health insurance exchange to resign
08/11 Molina Healthcare to Acquire Certain Medicare Advantage Assets from Aetna and..
08/09 MOLINA HEALTHCARE : churches, sponsor back-to-school events
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Financials ($)
Sales 2016 17 445 M
EBIT 2016 456 M
Net income 2016 138 M
Finance 2016 1 023 M
Yield 2016 -
P/E ratio 2016 22,60
P/E ratio 2017 16,01
EV / Sales 2016 0,12x
EV / Sales 2017 0,10x
Capitalization 3 073 M
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Molina Healthcare, Inc. Technical Analysis Chart | MOH | US60855R1005 | 4-Traders
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Mean consensus OUTPERFORM
Number of Analysts 14
Average target price 60,7 $
Spread / Average Target 12%
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Joseph Mario Molina Chairman, President & Chief Executive Officer
Terry P. Bayer Chief Operating Officer
John C. Molina Chief Financial Officer, Treasurer & Director
Martha Molina Bernadett Executive Vice President-Research & Development
Rick Hopfer Chief Information Officer
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