Molina Healthcare profits up as Medicaid redeterminations resume

Molina Healthcare expects new state Medicaid contracts to offset any losses it sees as states resume Medicaid redeterminations.

The majority of Molina’s membership rests in Medicaid, which grew 5.8% year-over-year to 4.8 million members during the first quarter. Molina has gained 800,000 Medicaid members since the start of the COVID-19 pandemic, Chief Financial Officer Mark Keim said during the company’s first-quarter earnings call…