Molina Healthcare, Inc. reported the second quarter of 2021 GAAP earnings per diluted share of $3.16 and adjusted earnings per diluted share of $3.40. “We are pleased with our second quarter and year to date results as we continue to produce solid margin performance despite the challenges created by the pandemic” said Joseph Zubretsky, president, and CEO of Molina Healthcare. “We accomplished this while generating approximately 50% year-over-year premium revenue growth and successfully integrating businesses representing approximately $5 billion in annual revenue.”
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Centene offers Notes !!
Centene Corporation announced that it has commenced an underwritten public offering to sell $1,800,000,000 of senior notes. The $1,800,000,000 offering of senior notes will include an add-on to its 2.450% senior notes due 2028 and new senior notes due 2031 subject to market and other conditions. The Notes will constitute a further issuance of the $1,800,000,000 aggregate principal amount of 2.450% senior notes due 2028 that were issued on July 1, 2021, and will have the same terms as such notes, other than the issue date and the issue price. J.P. Morgan, Barclays, BofA Securities, Truist Securities and Wells Fargo Securities are acting as joint book-running managers for the offering of the Notes.
Pennsylvania to receive Cigna’s healthcare insurance
Southeastern Pennsylvania residents looking to buy individual insurance plans through Pennsylvania’s state-run online marketplace this fall is expected to have a new choice for 2022 coverage. Cigna, which already sells group plans to businesses and Medicare Advantage plans in the area, filed to sell individual plans for next year, joining Independence Blue Cross, Oscar, and Pennsylvania Health & Wellness, Pennsylvania Insurance Department said. The payer has filed products that will provide coverage to residents of the Bucks, Chester, Delaware, Montgomery, and Philadelphia counties. “With this addition, Pennsylvania now has eight insurers offering health coverage plans, the most the commonwealth has seen since the passage of the ACA”, said the press release.