Thu, May 7, 4:54 PM| Comment!
Wed, Mar. 4, 12:11 PM
- Hospitals rally on comments from Supreme Court Justice Anthony Kennedy, often a swing vote in important cases. He says there is a powerful point to the Obama administration's argument that the Affordable Care Act would fall apart if the subsidies were ruled invalid.
- The Court is currently hearing arguments in the case King v. Burwell, which challenges federal subsidies in states that did not create their own health insurance exchanges. Its final decision will not be announced until June, though.
- Hospitals and health insurers have the most at stake. They have benefited greatly since the law was signed in 2010. To date, 11.4M Americans have signed up for coverage in 2015, giving both groups more paying customers and potentially cutting the number of non-paying emergency room visits. If the subsidies were ruled invalid then many people would drop coverage due to the higher cost.
- Related tickers: (HCA +6.2%)(THC +5.4%)(UHS +2.6%)(CYH +5.4%)(LPNT +3.3%)(SEM -0.9%)(SSY)(HUM +0.1%)(CI -0.4%)(CNC)(MOH +0.3%)(ANTM +0.5%)(UNH +0.3%)(MGLN +0.3%)(WCG +0.3%)
Jul. 25, 2014, 11:05 AM| 2 Comments
Feb. 13, 2014, 2:35 PM
- Shares of Molina Healthcare (MOH +6.1%) bounce back from steep losses after disappointing Q4 results after the health insurer guides 2014 adjusted earnings at double what analysts were expecting.
- MOH forecasts FY 2014 adjusted EPS of $4-$4.50 vs. analyst consensus estimate of $1.99, and sees revenue at $9.9B vs. analysts’ view of $9.6B.
- Susquehanna believes MOH's long-term earnings power is materially higher than the 2014 outlook, but notes that the company is assuming it will be fully reimbursed its fees due under the Affordable Care Act.
Feb. 11, 2014, 3:22 PM
- Molina Healthcare (MOH -5.9%) tumbles after the Medicaid insurer suffers an unadjusted Q4 loss, but analysts say investors’ reaction is premature.
- Guidance given at investor day, not Q4 earnings, will be the main driver on MOH sentiment, says Wedbush analyst Sarah James, who sees 2015 results as a more important guide for future earnings; she projects $14.7B-$15.7B, well above the current $12.2B consensus.
- Another question is whether MOH actually missed estimates; the company said on its earnings call that an unfavorable premium adjustment in one of its territories was responsible for some of its loss, and most analysts agreed MOH met its numbers.
Feb. 10, 2014, 4:15 PM| Comment!
Feb. 5, 2014, 10:50 AM
- Molina Healthcare (MOH +1.9%) is awarded a contract to participate in a dual eligible demonstration project in Los Angeles County with the California Department of Health Care Services and the Centers for Medicare and Medicaid Services.
- Wedbush Morgan says the surprise contract win could boost MOH's 2014 EPS by 15%-25%; MOH is on the firm's Best Ideas list due to underappreciated growth in several Medicaid contracts.
Jan. 2, 2014, 11:32 AM
- Wedbush adds Molina Healthcare (MOH +2.2%) to its Best Ideas List.
- "The CA margin guarantee should cover $2.2B of the $6.8B in new contract revenue growth from 2013-2015 at a margin 300bps+ above normal Y1 margins and should cover 75% of all CA revenue, which is 24% of all premiums," analyst Sarah James notes.
- James also says the company is diversifying its revenue and "has improved claims processing and actuarial benches."
- Outperform rating maintained.
- Price target is $50, representing upside of ~44% from Tuesday's close.
Oct. 30, 2013, 5:00 PM| Comment!
Jul. 29, 2013, 12:18 PM
- Molina Healthcare (MOH -2.1%) has acquired certain assets of Community Health Solutions of America relating to its South Carolina Solutions business.
- Under the agreement, Community Health Solutions agrees to transfer its Medical Homes Network membership, with the exception of those members enrolled in the Medically Complex Children's Waiver component of the program.
Feb. 8, 2013, 2:42 PMMolina (MOH +9.2%) powers higher today after easily topping EPS estimates yesterday, but, while results were clearly strong, Deutsche's Scott Fidel wonders how far the company has gone to account for the impact of this year's intense flu session. "The one puzzling element... was that MOH only booked $5M of incremental costs for the flu relative to last year's quarter." Fidel says. This could put pressure on its Medical Loss Ratio in the coming quarter, "particularly since most of MOH's key markets were exposed to intense levels of flu related activity in either 4Q12 or 1Q13." | Comment!
Feb. 7, 2013, 7:38 PMMore on Molina Healthcare (MOH): Q4 beats on a per share basis, swinging to a profit as the health-care company grew its revenue and membership, and as the year-earlier period was hurt by impairment charges. The medical cost ratio decreased to 86.1% from 90.6%, while total membership climbed 5.9% to roughly 1.8M from 1.7M a year earlier. Shares +7.4% AH. | Comment!
Feb. 7, 2013, 5:45 PM
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Molina Healthcare Inc provides health care to individuals receiving government assistance. It offers cost-effective Medicaid-related solutions to meet the health care needs of low-income families and individuals.
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