Molina recorded $4.8 billion in premium revenue for the third quarter of 2020, up 16.8 percent year over year for the three months ended Sept. 30.
The insurer attributed the increase to higher premium revenue from its YourCare Health Plan and Passport Health Plan acquisitions. Year over year, Molina’s membership has grown by 687,000.
The insurer ended the three-month period with a $185 million profit, up 5.7 percent year over year from $175 million.
More articles on payers:
CHI St. Luke’s threatens split with Molina, 2nd insurer this week
Anthem’s profit falls 81% in Q3: 3 things to know
ProMedica health plan to terminate Ohio hospital’s in-network status
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
