Molina Healthcare (MOH) Post Wide Loss, Withdraws Guidance, Announces Restructuring

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Go back to Molina Healthcare (MOH) Post Wide Loss, Withdraws Guidance, Announces Restructuring

Molina to exit two Obamacare markets by year-end

August 2, 2017 5:14 PM EDT

(Reuters) - Molina Healthcare Inc (NYSE: MOH) said on Wednesday it would stop selling Obamacare plans in Utah and Wisconsin, joining a slew of health insurers that have exited Obamacare markets amid uncertainty over the healthcare law.

Shares of the company, which pulled its full-year earnings and adjusted earnings forecast, were down 8.8 percent at $60.99 in after-hours trading.

The health insurer said it would exit the... More