other material
confidence high
sentiment positive
materiality 0.85
Molina awarded sole Florida Medicaid contract; $5B in annual premiums expected
MOLINA HEALTHCARE, INC.
- Florida AHCA selected Molina as sole plan for SMMC and CHIP services for ~120,000 enrollees.
- Total premiums under the program in CY2025 are expected to be approximately $5 billion.
- Contract term expected through December 31, 2030; start date not yet determined.
- Award extends Molina's track record of winning competitive state contracts for complex populations.