Molina Healthcare Warns of Loss for Fourth Quarter 2009
This week, Long Beach-based Molina Healthcare issued a guidance warning that it might post a loss of as much as $6.4 million for the fourth quarter of 2009, down significantly from net income of $14.8 million for the same period a year earlier. Molina's CEO traced the loss to an increase in the cost of treating members with H1N1 flu.
- "Molina's Fourth Quarter Dips in Red" (Payers & Providers, 1/14).