With a stunning Q2 performance, Molina is officially a comeback story

Molina blew the doors off of Wall Street’s second-quarter expectations, reporting a net income of $202 million, nearly doubling its first-quarter profits.

Their success has come from paring down operating and medical costs and raising premiums, particularly in the exchanges.

The upswing has prompted the company to consider re-entering the ACA exchanges in Utah and Wisconsin after pulling out last year. The company has filed rates in both states but still has time to make a final decision.

Source: https://www.fiercehealthcare.com/finance/molina-q2-earnings-comeback-aca-marketplace-utah-wisconsin-medical-costs?mkt_tok=eyJpIjoiWmpka1l6RmlNV1F5T1RFMyIsInQiOiJoNXBGZTJDcnNlc1JJaiszRFJTSnJiUmxDa2FjYkpnV3R2Q0NHbGJOSWl2azVySmhSV09LOXlZRUhOYTU0UVwvZWprc1ZDc3RlalBOek9YUUNwakE2UnpzTktsRHpZSFBPUnFmQlNBQUt1c1NxSllNT1pJeDc2RFM5eHBKVVAyTGwifQ%3D%3D&mrkid=633271