Molina Healthcare Reports Drop in Third-Quarter Income
Long Beach-based Molina Healthcare announced third-quarter net income of $8.6 million, a 45% drop from 2008. The managed care plan reported a 16% increase in premium revenue, but company officials said income losses, pressure on government programs and higher medical expenses because of H1N1 flu contributed to the drop in income.
- "Molina Reports Third-Quarter Results" (Payers & Providers, 10/29).