{ "schemaVersion": 1, "organisationId": "O-eed6eaddf0fc415e9b49618463ce266f", "slug": "molina-healthcare-inc", "name": "MOLINA HEALTHCARE, INC.", "updatedAt": "2026-10-02T14:02:10.709576Z", "sections": [ { "type": "OVERVIEW", "text": "Molina Healthcare, Inc. is a U.S. managed-care health insurer focused on government-sponsored healthcare. Its core businesses are Medicaid, Medicare, and Affordable Care Act Marketplace plans, delivered through health plans and networks of contracted providers. The company’s mission is to improve members’ health and lives by providing high-quality healthcare. [P34893646][P61361640][https://www.molinahealthcare.com/about]\n\nMolina operated in 21 U.S. states and served approximately 5.49 million members at year-end 2025. For the year ended December 31, 2025, it reported $45.4 billion in revenue; its workforce was approximately 19,000 employees according to a secondary company-data source. The company traces its origins to a community clinic opened by Dr. C. David Molina in Long Beach, California, in 1980. [T6769629][P142497946][https://www.sec.gov/Archives/edgar/data/1179929/000117992926000005/moh-20251231.htm][https://stockanalysis.com/stocks/moh/employees/][https://www.molinahealthcare.com/-/media/Molina/PublicWebsite/PDF/Providers/ca/MediCal/healthresources_CA_IntroMHIStory.pdf]\n[P34893646][P61361640][T6769629][P142497946][https://www.molinahealthcare.com/about][https://www.sec.gov/Archives/edgar/data/1179929/000117992926000005/moh-20251231.htm][https://stockanalysis.com/stocks/moh/employees/][https://www.molinahealthcare.com/-/media/Molina/PublicWebsite/PDF/Providers/ca/MediCal/healthresources_CA_IntroMHIStory.pdf]", "updatedAt": "2026-10-02T14:02:10.709576Z" }, { "type": "PRODUCTS", "text": "Molina Healthcare’s products are primarily government-sponsored managed-care plans: Medicaid, including CHIP; Medicare; and ACA Marketplace coverage. Its disclosed Medicare plan types include Medicare Advantage with Part D (MAPD), Chronic Condition and Dual-Eligible Special Needs Plans (C-SNP and D-SNP), Highly and Fully Integrated D-SNPs (HIDE and FIDE), and Medicare-Medicaid Plans (MMP). CHIP covers eligible children whose families earn too much to qualify for Medicaid. [P39285373][P4307750][P64113189]\n\nMarketplace plans are ACA-compliant and offered in Platinum, Gold, Silver, and Bronze tiers, which differ in cost sharing. For dual-eligible members, coverage integrates Medicare with Medicaid assistance for benefits such as dental and long-term services and supports, as well as help with Medicare premiums and cost-sharing. Molina describes its care model as centered on primary-care physicians who provide routine care, coordinate referrals and hospital care, and support care management for people with complex chronic conditions. [P36601201][P81915926][P75034169][P41398910]\n\nIn 2025, premium revenue was $32.2 billion for Medicaid, $6.2 billion for Medicare, and $4.5 billion for Marketplace plans. [P116315504]\n[P39285373][P4307750][P64113189][P36601201][P81915926][P75034169][P41398910][P116315504]", "updatedAt": "2026-10-02T14:02:10.709576Z" }, { "type": "GEOGRAPHY", "text": "In 2025, Molina Healthcare reported health-plan operations in 21 states, though its filing did not provide a single complete list of those states. Its four largest Medicaid markets were California, New York, Texas, and Washington. [P116315504][P91379708][P71627294][P121721366][P24171913]\n\nThose states represented distinct regional service areas: California Medi-Cal coverage included Los Angeles, Riverside/San Bernardino, Sacramento, and San Diego counties; New York Medicaid covered 28 counties, with a separate long-term-care plan serving counties and boroughs including the Bronx, Queens, Brooklyn, Nassau, Westchester, and Suffolk. Texas STAR+PLUS service areas included Bexar, Dallas, El Paso, Harris, Hidalgo, Jefferson, Northeast Texas, and Tarrant; Washington Apple Health coverage spanned all ten state regions. [P91379708][P71627294][P121721366][P24171913]\n\nMedicaid generated 75% of consolidated premium revenue in 2025. The four leading Medicaid state plans together generated $17.3 billion, approximately 54% of Medicaid premium revenue. State Medicaid contract revenue was $4.170 billion in California (13%), $3.221 billion in New York (10%), $5.735 billion in Texas (18%), and $4.194 billion in Washington (13%); these percentages are shares of Medicaid premium revenue, not total company revenue. [P116315504][P91379708][P71627294][P121721366][P24171913]\n\nMolina’s principal executive office is in Long Beach, California. The 2025 filing does not provide employee distribution by geography. [P26915908][P13070111]\n[P116315504][P91379708][P71627294][P121721366][P24171913][P26915908][P13070111]", "updatedAt": "2026-10-02T14:02:10.709576Z" }, { "type": "SEGMENTS", "text": "Molina Healthcare reports four business segments: Medicaid, Medicare, Marketplace, and Other. Medicaid covers state-contracted managed healthcare for Medicaid beneficiaries, with CHIP also included in the company’s description of publicly funded coverage programs. Medicare includes Medicare Advantage Prescription Drug plans (MAPD), dual-eligible products, Chronic Condition Special Needs Plans (C-SNP), and Medicare-Medicaid Plans (MMP). [P11027068][P4307750][P51735599][P46750491][P117828448][P101112211]\n\nMarketplace comprises ACA-compliant exchange coverage for individuals and small groups, including subsidized plans. Other includes Wisconsin long-term services and supports consulting and the commercial business acquired through ConnectiCare; the company characterizes this segment as insignificant to consolidated operating results. [P36601201][P47027808][P11027068]\n\nFor fiscal 2025, approximate segment shares of consolidated premium revenue were Medicaid 74.9%, Medicare 14.5%, Marketplace 10.4%, and Other 0.2%. These percentages use segment premium revenue divided by total consolidated premium revenue; Other also reported service revenue, so premium-revenue shares are the comparable segment mix. [T2100663]\n[P11027068][P4307750][P51735599][P46750491][P117828448][P101112211][P36601201][P47027808][T2100663][T2100663][T2100663][T2100663][T2100663][https://www.sec.gov/Archives/edgar/data/1179929/000117992926000005/moh-20251231.htm]", "updatedAt": "2026-10-02T14:02:10.709576Z" }, { "type": "HISTORY", "text": "Molina Healthcare was founded in 1980 in Long Beach, California, by physician C. David Molina, who began by providing care to low-income families and Medicaid patients. The company reincorporated in Delaware in 2002 and filed for an initial public offering in 2003. [P38787335] [https://molinahealthcare.gcs-web.com/news-releases/news-release-details/molina-healthcare-inc-files-initial-public-offering]\n\nThe company expanded beyond California in 2004 by acquiring Medicaid and health-plan operations in Washington and New Mexico. In 2010, it added Medicaid health-information-management services through its acquisition of Unisys’s related business, as well as Wisconsin operations through the acquisition of Abri Health Plan. [https://investors.molinahealthcare.com/news-releases/news-release-details/molina-healthcare-washington-closes-acquisition-medicaid-and] [https://www.sec.gov/Archives/edgar/data/1179929/000119312504113732/dex991.htm] [https://investors.molinahealthcare.com/news-releases/news-release-details/molina-healthcare-introduces-molina-medicaid-solutions] [https://www.sec.gov/Archives/edgar/data/1179929/000115752310005325/a6414450ex99_1.htm]\n\nA major leadership transition occurred in 2017, when the board removed CEO J. Mario Molina, who had led the company since 1996, and CFO John C. Molina; Joseph M. Zubretsky became president and CEO that November. The following year, Molina sold behavioral-health provider Pathways as it refocused its portfolio. [https://www.businesswire.com/news/home/20170502006437/en/Molina-Healthcare-Announces-Leadership-Changes] [https://investors.molinahealthcare.com/news-releases/news-release-details/molina-healthcare-announces-resignation-dr-j-mario-molina-board] [https://molinahealthcare.gcs-web.com/news-releases/news-release-details/molina-healthcare-names-joseph-m-zubretsky-president-chief] [https://www.sec.gov/Archives/edgar/data/1179929/000117992918000183/projectpyramidfinalpress.htm]\n\nFrom 2020 through 2025, Molina continued expanding through acquisitions of health plans and Medicaid contracts, including Passport Health Plan in Kentucky, Affinity Health Plan in New York, Cigna’s Texas Medicaid contracts, My Choice Wisconsin, and ConnectiCare in Connecticut. [https://investors.molinahealthcare.com/news-releases/news-release-details/molina-healthcare-announces-closing-its-acquisition-passports] [https://investors.molinahealthcare.com/news-releases/news-release-details/molina-healthcare-announces-closing-its-acquisition-affinity] [https://investors.molinahealthcare.com/news-releases/news-release-details/molina-healthcare-closes-acquisition-cignas-texas-medicaid] [https://investors.molinahealthcare.com/news-releases/news-release-details/molina-healthcare-announces-closing-its-acquisition-my-choice] [https://investors.molinahealthcare.com/news-releases/news-release-details/molina-healthcare-announces-closing-its-acquisition-connecticare]\n[P38787335][https://molinahealthcare.gcs-web.com/news-releases/news-release-details/molina-healthcare-inc-files-initial-public-offering][https://investors.molinahealthcare.com/news-releases/news-release-details/molina-healthcare-washington-closes-acquisition-medicaid-and][https://www.sec.gov/Archives/edgar/data/1179929/000119312504113732/dex991.htm][https://investors.molinahealthcare.com/news-releases/news-release-details/molina-healthcare-introduces-molina-medicaid-solutions][https://www.sec.gov/Archives/edgar/data/1179929/000115752310005325/a6414450ex99_1.htm][https://www.businesswire.com/news/home/20170502006437/en/Molina-Healthcare-Announces-Leadership-Changes][https://investors.molinahealthcare.com/news-releases/news-release-details/molina-healthcare-announces-resignation-dr-j-mario-molina-board][https://molinahealthcare.gcs-web.com/news-releases/news-release-details/molina-healthcare-names-joseph-m-zubretsky-president-chief][https://www.sec.gov/Archives/edgar/data/1179929/000117992918000183/projectpyramidfinalpress.htm][https://investors.molinahealthcare.com/news-releases/news-release-details/molina-healthcare-announces-closing-its-acquisition-passports][https://investors.molinahealthcare.com/news-releases/news-release-details/molina-healthcare-announces-closing-its-acquisition-affinity][https://investors.molinahealthcare.com/news-releases/news-release-details/molina-healthcare-closes-acquisition-cignas-texas-medicaid][https://investors.molinahealthcare.com/news-releases/news-release-details/molina-healthcare-announces-closing-its-acquisition-my-choice][https://investors.molinahealthcare.com/news-releases/news-release-details/molina-healthcare-announces-closing-its-acquisition-connecticare]", 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