© 2014 Molina Healthcare, Inc. Status of Reimbursement – ACA Fee in Molina States (as of June 23 rd 2014) 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 Quarter for Revenue Recognition Ohio Contract specifically calls for reimbursement of fee and tax impact. $18M $14M $32M $0M Q1 Washington Contract specifically calls for reimbursement of fee and tax impact. $16M $9M $25M $0M Q1 Texas Informal support from state. $12M $7M $19M $19M Unknown Michigan State legislature has appropriated funds for ACA fee and tax reimbursement. Awaiting supplemental legislation approving reimbursement. $11M $7M $18M $18M Unknown California Health plan has received letter from state committing to reimbursement of fee and tax impact upon CMS $7M $5M $12M $12M Unknown New Mexico Health plan has received letter from state committing to reimbursement of fee and tax impact upon CMS approval. $7M $5M $12M $12M Unknown Florida Contract specifically calls for reimbursement of fee and tax impact. $4M $2M $6M $0M Q1 Utah ACA fee and tax appropriated by the 2014 Legislature. Discussions on contract language and rate adjustment ongoing. $3M $2M $5M $5M Unknown Wisconsin Contract specifically calls for reimbursement of fee and tax impact. $3M $2M $5M $0M Q1 Illinois Contract specifically calls for reimbursement of fee and tax impact. $0M $0M $0M $0M Q1 Medicare Included in bid pricing. $8M $5M $13M $0M Q1 TOTAL $89M $58M $147M $66M Exhibit 99.1 approval. State and health plans are developing payment methodology. |
Molina Healthcare (MOH) 8-KRegulation FD Disclosure
Filed: 24 Jun 14, 12:00am