Molina Healthcare of California Tapped to Participate in the Covered California Marketplace [Professional Services Close – Up]

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Molina Healthcare, Inc. announced that its subsidiary, Molina Healthcare of California, has been selected by Covered California to offer certified Qualified Health Plans (QHPs) on the California Health Benefit Exchange for the individual Health Maintenance Organization (HMO) market.

According to a release, Molina Healthcare will participate in four counties when the marketplace goes online in the fall-Los Angeles, San Diego, Riverside and San Bernardino. This is a tentative selection pending completion of regulatory review.

"We are excited to take part in this historic opportunity to provide health care options to potentially 5.3 million Californians who may not have had access before," said J. Mario Molina, MD, president and chief executive officer for Molina Healthcare. "These individuals will soon be able to purchase insurance through Covered California for a low cost and many may even qualify for federal subsidies to help pay for their monthly premiums. Our goal is to make health care accessible and affordable to those who are low- income or uninsured. We will continue to work closely with Covered California to make this possible."

Molina Healthcare currently serves members in Los Angeles, Riverside, San Bernardino, San Diego and Sacramento counties with membership of approximately 332,000 as of March 31.

Molina Healthcare, Inc. provides Medicaid-related solutions to meet the health care needs of low-income families and individuals and to assist state agencies in their administration of the Medicaid program.

Covered California is charged with creating a new insurance marketplace in which individuals and small businesses can get access to health insurance.