Molina Healthcare Sees 82% Drop in Q3 2012 Net Income

Molina Healthcare -- a Long Beach-based Medicaid managed care plan -- recently reported net income of $3.4 million in the third quarter of 2012, an 82% drop from Q3 2011. However, the company reported a 32% increase in revenue from last year to $1.54 billion in Q3 2012.

• "Molina Reports Lower Net Income" (Payers & Providers, 11/1).