1. Molina had the fourth-highest Medicaid membership among the largest payers in the second quarter of 2023.
2. Molina is the 475th largest company in the world by revenue, according to Fortune’s “Global 500” list.
3. Molina’s Medicaid membership declined by 93,000 in the second quarter of 2023, which was largely attributable to redeterminations and within expectations, CEO Joe Zubretsky said on the company’s quarterly earnings call.
4. Molina is expecting to add $1.8 billion in premium revenue from its acquisition of Bright Healthcare’s 125,000-member Medicare Advantage business.
5. Molina reported $309 million in net income in the second quarter of 2023, up 24.6 percent from the same period last year.
6. Molina had the highest overall prior authorization denial rates in 2019 among the seven largest Medicaid managed care organizations, according to an audit from the HHS Office of Inspector General.
7. Mr. Zubretsky was the second-highest-paid CEO at a publicly traded health insurance company in 2022.
8. Molina was one of 16 health insurers named among the nation’s top 1,000 employers in 2023 by Newsweek.
9. Molina had the largest gains in Medicaid enrollment during the COVID-19 pandemic, according to a report from KFF.
10. An AI-powered model helped improve maternal health outcomes for Molina Healthcare members.
