ADVFN - Advanced Financial Network.
HOME» NYSE » M » MOH Stock Price » MOH Stock News

Molina Healthcare Share News

 Molina Healthcare Stock Price
MOH Stock Price
 Molina Healthcare Stock Chart
MOH Stock Chart
 Molina Healthcare Stock News
MOH Stock News
 Molina Healthcare Company Information
MOH Company Information
 Molina Healthcare Stock Trades
MOH Stock Trades

Washington State Picks 5 Insurers For Medicaid Contracts

By Jon Kamp Of DOW JONES NEWSWIRES The state of Washington has named five health insurers, including Amerigroup Corp. (AGP), Centene Corp. (CNC), UnitedHealth Group Inc. (UNH) and Molina Healthcare Inc. (MOH), as preliminary winners in a Medicaid bidding process that could be worth around $2.5 billion in industry revenue. The 18-month contracts, which are subject to finalization, represent new-market entries for three of those firms but fresh competition for Molina, which already has a big presence in Washington. The state also picked a nonprofit group, Community Health Plan of Washington, in the bidding process to serve an expanding program for low-income health-care recipients. The contracts in question are expected to cover about 840,000 people and go into effect July 1. The Washington process is the latest in a string of contests around the U.S. that are creating new revenue sources for Medicaid-focused insurers. Market-share breakdowns for Washington aren't available before the state finalizes contracts--anticipated by the end of February--according to the state's Health Care Authority. But with three sizable competitors entering the market, while replacing two private local firms which didn't win new contracts, Molina could see its market share slip from current levels, analysts said. Molina currently serves nearly half the Washington market, which represents, in turn, around 18% of the Long Beach, Calif., company's revenue. Molina didn't have an immediate comment on the matter Wednesday. The Medicaid-focused insurer's shares recently traded down 1.9% at $27.75. Community Health Plan is also an incumbent Medicaid provider in Washington. The Washington announcement "is clearly positive" for the three firms winning new business, but with market-share breakdowns still unclear, the news isn't yet a catalyst for stocks, Susquehanna analyst Chris Rigg said. Centene shares slipped 10 cents to $44.49, while Amerigroup traded down 0.6% at $70.19. Shares of much larger UnitedHealth recently traded slightly higher at $53.61. -By Jon Kamp, Dow Jones Newswires; 617-654-6728; jon.kamp@dowjones.com

Stock News for Molina Healthcare (MOH)
DateTimeHeadline
11/15/201308:27:47S.A.C. Capital Advisors LP 3Q 13F: Holdings As Of Sep 30
11/15/201308:27:47S.A.C. Capital Advisors LP 3Q 13F: Holdings As Of -2-
11/15/201306:39:14CR Intrinsic Investors 3Q 13F: Largest Eliminations
10/31/201306:45:45U.S. Hot Stocks Futures: Hot Stocks to Watch
05/23/201314:16:17California Exchange May Have Lower Health Insurance Premiums...
05/07/201312:29:14California Delays 'Dual Eligible' Care Plan Launch Until Next...
03/27/201319:12:29California Gets Federal Nod for Largest 'Dual Eligible' Plan
02/22/201317:13:23Illinois Wins Federal Nod for Medicaid/Medicare Coverage Plan
02/21/201309:20:13U.S. HOT STOCK FUTURES: HOT STOCKS TO WATCH
12/12/201212:45:26Ohio Gets Federal Approval for Dual-Eligible Coverage Project
11/13/201217:18:37Illinois Picks Molina, Centene, Humana, Cigna, Aetna for Dual...
11/07/201213:10:08Hospital Stocks Climb, Health Insurers Slump
11/07/201212:45:47Correction to Health-Care Stock Story
11/07/201212:44:33Hospital Stocks Climb, Health Insurers Slump After Election
08/27/201217:38:17Ohio Chooses Insurers Including Aetna, Molina to Cover 'Dual-Eligible...
07/09/201216:56:08WellPoint's Amerigroup Deal Marks Big Push For 'Dual' Patients
06/28/201217:22:50Big Health Insurers Under Pressure After Court Ruling
06/28/201212:15:42Hospitals Surge, Insurers Slide as Health-Care Law is Upheld
06/26/201219:00:15Ohio Court Grants Aetna's Request To Halt Medicaid Contract Process
06/26/201218:28:32Ohio Judge Blocks State Medicaid Contracts Following Aetna Request...

Molina Healthcare and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad