The losses were largely attributable to the beginning of Medicaid redeterminations, Molina CFO Mark Keim said. Mr. Zubretsky said disenrollments began in the second quarter in all but four states where Molina has a presence.
“Although the medical cost profile of members who have left is slightly more favorable than the portfolio average, the impact on our overall Medicaid [medical cost ratio] was negligible and within our expectations,” Mr. Zubretsky said.
Mr. Keim said while the redetermination process varies by state, the company has not observed any trends that would change membership or financial outlooks.
“We have built robust tracking and monitoring systems to maximize retention of members that meet the eligibility criteria and to also promptly understand any financial impacts of redeterminations,” he said.
