Molina Healthcare is a Medicaid-focused insurer that also sells ACA Marketplace and Medicare plans. It covered 4.86 million members at the end of September 2026, nearly 90% of them in Medicaid, and reported $45.4 billion in revenue for 2025 company results.
Molina is shrinking outside Medicaid. For 2027 it is leaving the ACA Marketplace in seven states and dropping its standard Medicare Advantage drug plans to focus on people who qualify for both Medicare and Medicaid.
Updated November 2026. This profile draws on company filings, federal data and Health Plan News analysis. It is independent of Molina; for questions about your coverage, call the number on your member ID card.
Molina at a Glance
| Item | Details |
|---|---|
| Company | Molina Healthcare, Inc. (NYSE: MOH) |
| Headquarters | Long Beach, California |
| CEO | Joseph Zubretsky |
| Founded | 1980, by emergency physician Dr. C. David Molina |
| 2025 revenue | $45.4 billion |
| Members | 4.86 million (September 30, 2026) |
| Medicaid | 4.37 million members |
| ACA Marketplace | 267,000 members; 14 states in 2026, about 7 in 2027 |
| Medicare | 222,000 members; focusing on dual eligibles |
Medicaid
Medicaid is Molina’s core business. It started new contracts in Florida and Mississippi in 2025 and in Idaho and Nevada in 2026, and won a Florida contract for children with complex conditions that begins in late 2026. It lost Virginia’s Cardinal Care contract, which ended June 30, 2025 (source).
Molina expects federal Medicaid work requirements to cost it about 6% of its Medicaid enrollees, roughly 260,000 people, in 2027 (source). See our Medicaid managed care by state data.
ACA Marketplace Exits for 2027
Molina raised Marketplace premiums about 30% for 2026 to shrink the business, and membership fell from 655,000 to 267,000. For 2027 it is leaving Utah, South Carolina, Florida, Illinois, Ohio, Mississippi and Kentucky (source). Our report on 2027 Marketplace exits explains what enrollees in those states should do.
Molina by the Numbers: Health Plan News Data
- Aca exchange market: largest insurer in 0 states and second-largest in 1, based on 2024 AMA data.
- Claim denials: its HealthCare.gov plans denied 22.4% of in-network claims in 2024 across 6 states, compared with 18.7% for all HealthCare.gov insurers (federal Transparency in Coverage data compiled by KFF).
Compare insurers in every state on our health insurance market share by state page and our claim denial rates by insurer report.
Recent Molina News
- Profits under pressure: Third-quarter 2026 net income fell about 52% to $38 million on a 92.9% medical care ratio; Molina reaffirmed 2026 adjusted earnings guidance of at least $5.25 a share. (source)
- Medicare shift: Molina is exiting its traditional Medicare Advantage prescription drug product for 2027. (source)
How To Contact Molina
| Purpose | Contact |
|---|---|
| Members | State- and program-specific numbers on molinahealthcare.com, or the number on your ID card |
| Website | molinahealthcare.com |
For profiles of other carriers, see our List of Health Insurance Companies and follow our Health Insurance Companies hub.
Sources
Becker’s Payer Issues; Insurance Business; KFF; Molina 2026 proxy; Molina 2026 proxy statement; Molina 2026 proxy; Insurance Business; Molina 2026 proxy; Q3 2026 release; Molina Healthcare; Molina Q3 2026 earnings release; Molina Q3 2026 release; finanzen.at; American Medical Association, Competition in Health Insurance (2025 update); KFF, Medicare Advantage in 2026; CMS Transparency in Coverage public use file (2024, via KFF).