Molina Healthcare

Molina Healthcare, Inc. is a FORTUNE 500 managed care company headquartered in Long Beach, California, that provides quality health insurance services to approximately 5.5 million members as of December 31, 2024, primarily through government-sponsored healthcare programs. Founded in 1980 by Dr. C. David Molina, an emergency room physician who witnessed underserved patients being turned away by doctors unwilling to accept Medi-Cal, the company began with a simple mission: to provide quality healthcare to those most in need regardless of their ability to pay. From its origins as a single primary care clinic in Wilmington, California, Molina has grown into one of America's largest Medicaid managed care organizations, serving members across 21 states through locally operated health plans. The company delivers managed healthcare services under three primary lines of business: Medicaid programs serving low-income families and individuals, Medicare Advantage plans for seniors and dual-eligible beneficiaries who qualify for both Medicare and Medicaid, and Health Insurance Marketplace plans offered through state exchanges. Molina's approach emphasizes localized care delivery with health plans operated at the state level to understand and respond to unique community needs, provider networks that include community health centers and safety-net hospitals serving vulnerable populations, integrated care management programs addressing both medical and social determinants of health, and a commitment to health equity and eliminating disparities in care access and outcomes. With premium revenue of approximately $38.6 billion in 2024 (a 19% increase year-over-year) and adjusted earnings per share of $22.65, Molina has demonstrated strong financial performance while maintaining its founding mission. Under the leadership of President and CEO Joseph Zubretsky since November 2017, the company has pursued an acquisitive growth strategy, expanding its footprint through strategic acquisitions and winning significant new Medicaid and Medicare Duals contracts in states including Florida, Georgia, Ohio, Michigan, Massachusetts, and Idaho. The company's California Medicaid revenue is projected to double under revised Medi-Cal contract awards, while recent contract wins represent over $5 billion in additional annual premium revenue beginning in 2026. Molina Healthcare distinguishes itself through deep expertise in serving government program populations, strong relationships with state Medicaid agencies and CMS, operational efficiency in managing medical costs while maintaining quality, and a proven track record of successful contract implementations and transitions. As healthcare policy continues to evolve with Medicaid expansion, managed care penetration, and focus on value-based care, Molina is positioned to grow its membership to an expected 5.1 million by end of 2025 while maintaining profitability and serving its core mission of providing healthcare to America's most vulnerable populations.