15 Facts About Molina Healthcare

Molina Healthcare is a managed care company headquartered in Long Beach, California, United States.

Molina Healthcare provides health insurance to individuals through government programs such as Medicaid and Medicare.

Molina Healthcare was founded in 1980 by C David Molina, an emergency room physician in Long Beach, California.

Molina Healthcare had seen an influx of patients using the emergency room for common illnesses such as a sore throat or the flu because they were being turned away by doctors who would not accept Medi-Cal.

In September 2020, Molina Healthcare entered into an arrangement to purchase approximately all the assets of the Affinity Health Plan for about $380 million.

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Molina Healthcare formerly operated clinics in Washington, New Mexico, Florida and Utah.

Molina Healthcare has focused on government-paid health care programs such as SCHIP and Medicaid since it became a health maintenance organization in 1985.

Molina Healthcare filed with the Securities and Exchange Commission for an initial stock offering in December 2002 and went public in July 2003 with a stock offering of $102 million.

Molina Healthcare was the first company from Inc Magazines "Inner City 100" list to go public.

Molina Healthcare currently offers Medicare health plan options in: California, Florida, Idaho, Illinois, Michigan, Ohio, South Carolina, Texas, Utah, Virginia, Washington and Wisconsin.

Molina Healthcare acquired Unisys' health information management business in December 2010 to create Molina Medicaid Solutions.

In 2014, Molina Healthcare began offering Marketplace plans in nine states where it offered Medicaid health plans through State Facilitated Marketplaces and Federally Facilitated Marketplace.

Molina Healthcare was selected to participate in dual eligible demonstration projects in California, Ohio, Illinois, Michigan, South Carolina and Texas to serve patients who are eligible for both Medicare and Medicaid.

Molina Healthcare was awarded the 2011 Alfred P Sloan Award for Business Excellence in Workplace Flexibility.

In 2006, Molina Healthcare was named among the 100 best corporate citizens by Business Ethics magazine.