Indiana not offering Molina long-term care contract for Pathways for Aging program

MOLINA HEALTHCARE, INC.

Indiana FSSA notified Molina on Sept 27, 2023 it will not offer a long-term services contract for Pathways for Aging effective July 1, 2024.
Indiana deemed Molina not to have met readiness review requirements; Molina cites CMS administrative requirement blocking DSNP by Jan 1, 2024.
Molina says Indiana is the only state affected by the CMS administrative proceeding and the development is not material to financial profile.
Molina's previously provided 2024 premium revenue outlook remains unchanged.

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