Molina Healthcare beats profit estimates aided by higher premiums

Sidney Crosby shares Donair with teammates #donair #hockey #sports #halifax - Molina Healthcare beat Wall Street estimates for first-quarter earnings on Wednesday, aided by higher premiums in its government-backed Medicaid insurance plans for people with low income.

The California-based health insurer's main business is Medicaid insurance, a joint federal and state government-run insurance program for low-income people. The remaining members are enrolled in Medicare plans that Molina offers. Government-backed Medicare program helps cover medical costs for people aged 65 and older, or those with certain disabilities.

Source: Healthcare Press (healthcarepress.net)

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