The executives at Molina Healthcare Inc. sound completely different from the executives of traditional health insurers when talking about their company’s outlook.
Molina, Long Beach, Calif. (NYSE:MOH), focuses mainly on serving Medicare and Medicaid plans.
The company is reporting $19 million in net income for the third quarter on $1.2 billion in revenue, up from $16 million in net income on $1 billion in revenue for the third quarter of 2010.
Executives at health insurers that focus mainly on selling to individuals and employers in the commercial market talk mainly about matters such as medical cost trends and employers decisions to keep employees or reduce head counts.