Molina Healthcare (MOH) announced that the Florida Agency for Health Care Administration has issued a notice of agency decision that it intends to award Molina Healthcare of Florida a contract to provide Statewide Medicaid Managed Care Program and Children’s Health Insurance Program services to enrollees of the Title XIX and Title XXI Children’s Medical Services Program. Molina was the sole plan selected and expects to serve approximately 120,000 enrollees. In calendar year 2025, the total premiums paid under the program are expected to be approximately $5B. The contract start date has not yet been determined, but the term of the contract is expected to continue through December 31, 2030.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MOH:
- Molina Healthcare price target lowered to $165 from $231 at Wells Fargo
- OSCR, ELV, CNC: Health Insurer Stocks on Watch as Trump Pushes ACA Funds Directly to Americans
- Trump Trade: Trump says ‘enrichment’ of health insurers ‘must stop’
- Video: Health insurers weighed on by shutdown news, Trump post
- Wells sees Florida CMS selection as a 3% hit to Centene, 5% tailwind to Molina
