© 2014 Molina Healthcare, Inc. Status of Reimbursement – ACA Fee in Molina States Our guidance assumes the ACA fee and related tax effects will be fully reimbursed in all states. Note: Constitutes forward-looking guidance. Amounts are estimates and subject to change. Actual results may differ materially. See our risk factors as discussed in our Form 10-K and other periodic filings. Please refer to the Company’s cautionary statements. State Comments ACA Fee Gross Up Reimbursement Revenue Reimbursement Not Yet Achieved Anticipated Quarter for Revenue Recognition Ohio State awaiting CMS approval of contract language calling for reimbursement of fee and tax impact. $17M $13M $30M $30M Unknown Washington Contract specifically calls for reimbursement of fee and tax impact. $15M $9M $24M $0M Q1 Texas Informal support from state. $11M $6M $18M $18M Unknown Michigan Actuarial rate memorandum (Milliman) calls for reimbursement of fee and tax impact. $10M $6M $16M $16M Unknown California Health plan has received letter from state committing to reimbursement of fee and tax impact upon CMS approval. $9M $5M $14M $14M Unknown New Mexico Health plan has received letter from state committing to reimbursement of fee and tax impact upon CMS approval. $7M $4M $11M $11M Unknown Florida Actuarial rate memorandum (Milliman) calls for reimbursement of fee and tax impact. $3M $2M $5M $5M Unknown Utah Informal support from state. $3M $2M $5M $5M Unknown Wisconsin Contract specifically calls for reimbursement of fee and tax impact. $3M $1M $4M $0M Q1 Illinois State awaiting CMS approval of contract language calling for reimbursement of fee and tax impact. $0M $0M $0M $0M Unknown Medicare Included in bid pricing. $7M $5M $12M $0M Q1 TOTAL $85M $55M $140M $100M Exhibit 99.1 |
Molina Healthcare (MOH) 8-KRegulation FD Disclosure
Filed: 24 Mar 14, 12:00am