Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

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

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Illinois Wins Federal Nod for Medicaid/Medicare Coverage Plan

share with twitter share with LinkedIn share with facebook
share via e-mail
0
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

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on MOLINA HEALTHCARE, INC.
08/18 HARWOOD FEFFER LLP : Announces Investigation of Molina Healthcare, Inc.
08/18 MOLINA HEALTHCARE : Double Upgrade For Molina Healthcare On Removal Of CEO
08/15 MOLINA HEALTHCARE : Selected for Statewide Medicaid Contract Award in Illinois
08/12 Anthem to exit Obamacare market in Virginia next year
08/08 MOLINA HEALTHCARE : to close Dearborn clinic, lay off 120
08/08 Goldberg Law PC Announces an Investigation of Molina Healthcare, Inc.
08/07 GLANCY PRONGAY & MURRAY LLP : Commences Investigation on Behalf of Molina Health..
08/04 MOLINA HEALTHCARE : Uncertainty in D.C. complicates health insurance rates in Ne..
08/04 INSIDER TRADING ACTIVITY MOLINA HEAL : MOH) – Director Sold 15,000 shares ..
08/04 MOLINA HEALTHCARE : Rep. Sensenbrenner Issues Statement on Molina Dropping Out o..
More news
News from SeekingAlpha
08/20 Tracking Ole Andreas Halvorsen's Viking Global Portfolio - Q2 2017 Update
08/17 Premarket analyst action - healthcare
08/17 Obamacare subsidies will continue in August
08/16 U.S. government to make August cost-sharing payments to health insurers
08/16 CBO warns on end to health subsidies
Financials ($)
Sales 2017 19 800 M
EBIT 2017 -153 M
Net income 2017 -153 M
Finance 2017 1 504 M
Yield 2017 -
P/E ratio 2017 -
P/E ratio 2018 23,95
EV / Sales 2017 0,10x
EV / Sales 2018 0,08x
Capitalization 3 426 M
Chart MOLINA HEALTHCARE, INC.
Duration : Period :
Molina Healthcare, Inc. Technical Analysis Chart | MOH | US60855R1005 | 4-Traders
Technical analysis trends MOLINA HEALTHCARE, INC.
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 13
Average target price 62,6 $
Spread / Average Target 4,4%
EPS Revisions
Managers
NameTitle
Joseph W. White President, CEO, CFO & Treasurer
Dale B. Wolf Non-Executive Chairman
Terry P. Bayer Chief Operating Officer
Martha Molina Bernadett Executive Vice President-Research & Development
Rick Hopfer Chief Information Officer
Sector and Competitors
1st jan.Capitalization (M$)
MOLINA HEALTHCARE, INC.10.54%3 426
FRESENIUS MEDICAL CARE-2.57%28 507
HCA HEALTHCARE INC5.73%28 271
LABORATORY CORP. OF AMERICA HOLDINGS19.75%15 748
QUEST DIAGNOSTICS INC14.25%14 323
DAVITA INC-12.04%10 797