Molina sees shares surge
It's not a bad time to be a Medicaid plan provider as the new health care law will increase the number of people in the program. Molina Healthcare Inc. has seen its shares surge since recently issuing optimistic revenue forecasts for fiscal 2011 and 2012. Molina Healthcare provides Medicaid-related plans to low-income families and individuals in California, Florida, Michigan, Missouri, New Mexico, Ohio, Texas, Utah, Washington and Wisconsin. Currently, it services about 1.6 million members. (ZACKS, 2/1)
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