UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

Current Report
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): December 10, 2007

MOLINA HEALTHCARE, INC.

Delaware (State of incorporation)		1-31719 (Commission File Number)		13-4204626 (I.R.S. Employer Identification Number)

200 Oceangate, Suite 100, Long Beach, California 90802
(Address of principal executive offices)

Registrant’s telephone number, including area code: (562) 435-3666

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

     o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

     o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

     o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

     o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

Item 8.01. Other Events.

     Attached hereto as Exhibit 99.1 and incorporated herein by reference are tables providing additional detail regarding the Company’s medical care costs for each of the four quarters of 2006 and for the first three quarters of 2007. All financial information in the tables is unaudited.

     The Company first began reporting its medical care costs in the tabular format presented here in its Quarterly Report on Form 10-Q filed on November 8, 2007. The additional historical tables covering each completed fiscal quarter to date since January 1, 2006 will better allow readers to track the Company’s performance with respect to its medical care costs over the last two years.

Item 9.01. Financial Statements and Exhibits.

     (d) Exhibits:

Exhibit
No.		Description
99.1		Tables providing additional detail regarding the Company’s medical care costs for each of the four quarters of 2006 and the first three quarters of 2007.

SIGNATURE

     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

EXHIBIT INDEX

Exhibit
No.		Description
99.1		Tables providing additional detail regarding the Company’s medical care costs for each of the four quarters of 2006 and the first three quarters of 2007.

EXHIBIT 99.1

The following unaudited tables provide detail of our medical care costs for each of the four quarters of 2006 (amounts in thousands, except PMPM amounts which are in whole dollars):

		Three Months Ended March 31, 2006
										% of Total Medical
		Amount				PMPM				Care Costs
Medical care costs:
Fee for service costs		$	262,709			$	96.16				68.5	%
Capitation			55,827				20.44				14.6	%
Pharmacy			47,594				17.42				12.4	%
Other			17,117				6.27				4.5	%
Total medical care costs		$	383,247			$	140.29				100.0	%

		Three Months Ended June 30, 2006
										% of Total Medical
		Amount				PMPM				Care Costs
Medical care costs:
Fee for service costs		$	267,571			$	92.58				66.6	%
Capitation			64,026				22.15				15.9	%
Pharmacy			49,567				17.15				12.4	%
Other			20,551				7.11				5.1	%
Total medical care costs		$	401,715			$	138.99				100.0	%

		Six Months Ended June 30, 2006
										% of Total Medical
		Amount				PMPM				Care Costs
Medical care costs:
Fee for service costs		$	530,280			$	94.32				67.5	%
Capitation			119,853				21.32				15.3	%
Pharmacy			97,161				17.28				12.4	%
Other			37,668				6.70				4.8	%
Total medical care costs		$	784,962			$	139.62				100.0	%

		Three Months Ended September 30, 2006
										% of Total Medical
		Amount				PMPM				Care Costs
Medical care costs:
Fee for service costs		$	284,648			$	93.81				66.1	%
Capitation			68,144				22.46				15.8	%
Pharmacy			51,697				17.04				12.0	%
Other			26,381				8.69				6.1	%
Total medical care costs		$	430,870			$	142.00				100.0	%

		Nine Months Ended September 30, 2006
										% of Total Medical
		Amount				PMPM				Care Costs
Medical care costs:
Fee for service costs		$	814,928			$	94.14				67.0	%
Capitation			187,997				21.72				15.5	%
Pharmacy			148,858				17.19				12.2	%
Other			64,049				7.40				5.3	%
Total medical care costs		$	1,215,832			$	140.45				100.0	%

		Three Months Ended December 31, 2006
										% of Total Medical
		Amount				PMPM				Care Costs
Medical care costs:
Fee for service costs		$	310,103			$	96.82				67.0	%
Capitation			73,479				22.94				15.9	%
Pharmacy			60,508				18.89				13.1	%
Other			18,730				5.85				4.0	%
Total medical care costs		$	462,820			$	144.50				100.0	%

		Twelve Months Ended December 31, 2006
										% of Total Medical
		Amount				PMPM				Care Costs
Medical care costs:
Fee for service costs		$	1,125,031			$	94.87				67.0	%
Capitation			261,476				22.05				15.6	%
Pharmacy			209,366				17.65				12.5	%
Other			82,779				6.98				4.9	%
Total medical care costs		$	1,678,652			$	141.55				100.0	%

 

The following unaudited tables provide detail of our medical care costs for the first three quarters of 2007 (amounts in thousands, except PMPM amounts which are in whole dollars):

		Three Months Ended March 31, 2007
										% of Total Medical
		Amount				PMPM				Care Costs
Medical care costs:
Fee for service costs		$	307,880			$	97.44				64.6	%
Capitation			87,934				27.83				18.5	%
Pharmacy			60,579				19.17				12.7	%
Other			20,084				6.36				4.2	%
Total medical care costs		$	476,477			$	150.80				100.0	%

		Three Months Ended June 30, 2007
										% of Total Medical
		Amount				PMPM				Care Costs
Medical care costs:
Fee for service costs		$	336,654			$	104.41				65.1	%
Capitation			92,929				28.82				18.0	%
Pharmacy			65,931				20.45				12.8	%
Other			21,351				6.62				4.1	%
Total medical care costs		$	516,865			$	160.30				100.0	%

		Six Months Ended June 30, 2007
										% of Total Medical
		Amount				PMPM				Care Costs
Medical care costs:
Fee for service costs		$	644,534			$	100.96				64.9	%
Capitation			180,863				28.33				18.2	%
Pharmacy			126,510				19.82				12.7	%
Other			41,435				6.49				4.2	%
Total medical care costs		$	993,342			$	155.60				100.0	%

		Three Months Ended September 30, 2007
										% of Total Medical
		Amount				PMPM				Care Costs
Medical care costs:
Fee for service costs		$	339,841			$	106.15				64.6	%
Capitation			95,879				29.95				18.2	%
Pharmacy			67,844				21.19				12.9	%
Other			22,338				6.98				4.3	%
Total medical care costs		$	525,902			$	164.27				100.0	%

		Nine Months Ended September 30, 2007
										% of Total Medical
		Amount				PMPM				Care Costs
Medical care costs:
Fee for service costs		$	984,375			$	102.70				64.8	%
Capitation			276,742				28.87				18.2	%
Pharmacy			194,354				20.28				12.8	%
Other			63,773				6.65				4.2	%
Total medical care costs		$	1,519,244			$	158.50				100.0	%