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Molina Healthcare was founded in 1980 by C. David Molina, an emergency room physician in Long Beach, California. [4] He had seen an influx of patients using the emergency room for common illnesses such as a sore throat or the flu because they were being turned away by doctors who would not accept Medi-Cal.
The California Medical Assistance Program (Medi-Cal or MediCal) is the California implementation of the federal Medicaid program serving low-income individuals, including families, seniors, persons with disabilities, children in foster care, pregnant women, and childless adults with incomes below 138% of federal poverty level.
The California Medical Assistance Program (Medi-Cal) is California's Medicaid program serving low-income families, seniors, persons with disabilities, children in foster care, pregnant women, and childless adults with incomes below 138% of federal poverty level.
Molina Healthcare, Inc. (NYS: MOH) , a FORTUNE 500 company, provides quality and cost-effective Medicaid-related solutions to meet the health care needs of low-income families and individuals and ...
Wall Street analysts expect full-year earnings of $23.56 per share. Molina's quarterly medical cost ratio, the percentage of premiums paid out for medical services, was 88.5%, above LSEG estimates ...
2010-2013 Healthy Families, the California version of the federal Children's Health Insurance Program (Napa, Sonoma, Solano, Yolo counties only). In 2013, the Healthy Families Program was folded into Medi-Cal as part of the Affordable Care Act. 2005-2016 Healthy Kids.
As a federal program, it was administered by the U.S. Department of Health and Human Services (HHS), and California Managed Risk Medical Insurance Board (MRMIB) at the state level. As a result of the 2012–2013 budget deal, nearly 900,000 children will be moved from the HFP into Medi-Cal beginning in 2013. [2]
The guidelines for calculating the FMAP are outlined in the Social Security Act and they exclusively determine the ratio of matching funds for each state's Medicaid program. Section 2105(b)of the Act stipulate that "Enhanced Federal Medical Assistance Percentages," or Enhanced FMAPs, will be calculated at the same time as the FMAPs.