Becker's Healthcare October 23, 2025
Jakob Emerson

Molina Healthcare reported a 72% decline in net income for the third quarter and has reduced its adjusted annual earnings guidance for the third time this year to $14 a share as the company faces rising costs in its marketplace business.

“The headline for the quarter is that approximately half of our underperformance is driven by the Marketplace business, and that Medicaid, while experiencing some pressure, is producing strong margins,” President and CEO Joseph Zubretsky said Oct. 23. “We continue to grow, we believe the margin challenges will not persist, and we are encouraged by the margin improvement potential in 2026.”

In July, Molina announced preliminary second-quarter results that were “modestly below its prior expectations” and...

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