Molina Healthcare Wins Kentucky Medicaid Contract
30 May 2020 - 6:54AM
Business Wire
Molina Healthcare, Inc. (NYSE: MOH) today announced that its
Kentucky health plan subsidiary has been selected as an awardee
pursuant to the statewide Medicaid managed care RFP issued on
January 10, 2020 by the Kentucky Cabinet for Health and Family
Services (CHFS), Department for Medicaid Services (DMS).
The new contract for Molina’s Kentucky health plan is expected
to begin on January 1, 2021. Molina’s Kentucky health plan is one
of five managed care organizations selected to offer health care
coverage to approximately 1.4 million Medicaid beneficiaries
through the Commonwealth of Kentucky’s TANF, CHIP, and ABD
programs.
“We are honored that Kentucky CHFS has selected Molina to serve
the Commonwealth’s most vulnerable citizens,” said Joe Zubretsky,
Molina’s president and CEO. “We bring to the Commonwealth our
Company’s mission of improving the health and well-being of all of
our members, and look forward to working with the Beshear
Administration, CHFS, and DMS to fulfill that commitment for
Kentucky’s Medicaid recipients.”
About Molina Healthcare
Molina Healthcare, Inc., a FORTUNE 500 company, provides managed
healthcare services under the Medicaid and Medicare programs and
through the state insurance marketplaces. Through its locally
operated health plans, Molina Healthcare served approximately 3.4
million members as of March 31, 2020. For more information about
Molina Healthcare, please visit molinahealthcare.com.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995
This press release contains “forward-looking statements”
regarding the award of contracts by Kentucky CHFS. All
forward-looking statements are based on the Company’s current
expectations that are subject to numerous risks that could cause
actual results to differ materially. Such risks include, without
limitation, a reversal of the contract awards in connection with a
successful protest, a delay in the start date for the contracts, or
supervening action by CHFS. Given these risks and uncertainties,
Molina cannot give assurances that its forward-looking statements
will prove to be accurate. All forward-looking statements in this
release represent Molina’s judgment as of the date hereof, and it
disclaims any obligation to update any forward-looking statements
to conform the statement to changes in its expectations that occur
after the date of this release.
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version on businesswire.com: https://www.businesswire.com/news/home/20200529005630/en/
Investor Contact: Julie Trudell,
Julie.Trudell@molinahealthcare.com, 562-912-6720 Media
Contact: Caroline Zubieta,
Caroline.Zubieta@molinahealthcare.com, 562-951-1588
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