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): November 6, 2013
MOLINA HEALTHCARE, INC.
(Exact name of registrant as specified in its charter)
| Delaware | 1-31719 | 13-4204626 | ||
| (State of incorporation) | (Commission File Number) | (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:
| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 7.01. Regulation FD Disclosure.
On November 6, 2013, the Company announced that its subsidiary, Molina Healthcare of Michigan, Inc., has been chosen to participate in Region 7 (Wayne County) and Region 9 (Macomb County) as part of the Michigan Demonstration Program to Integrate Care for Persons Eligible for Medicare and Medicaid. The full text of the press release is included as Exhibit 99.1 to this report.
Note: The information in this Form 8-K current report and the exhibits attached hereto shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Securities Exchange Act of 1934, except as expressly set forth by specific reference in such a filing.
Item 9.01. Financial Statements and Exhibits.
| (d) | Exhibits: |
| Exhibit No. |
Description | |
| 99.1 | Press release of Molina Healthcare, Inc. issued on November 6, 2013, regarding the selection of Molina Healthcare of Michigan to participate in the Michigan Duals Demonstration Program. | |
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.
| MOLINA HEALTHCARE, INC. | ||||||
| Date: November 6, 2013 | By: /s/ Jeff D. Barlow | |||||
| Jeff D. Barlow | ||||||
| Sr. Vice President – General Counsel, and Secretary | ||||||
EXHIBIT INDEX
| Exhibit No. |
Description | |
| 99.1 | Press release of Molina Healthcare, Inc. issued on November 6, 2013, regarding the selection of Molina Healthcare of Michigan to participate in the Michigan Duals Demonstration Program. | |
Exhibit 99.1
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| Contacts: Sunny Yu Public Relations 562-477-1608 |
Juan José Orellana Investor Relations 562-435-3666 |
MOLINA HEALTHCARE OF MICHIGAN SELECTED TO PARTICIPATE IN MICHIGAN
INTEGRATED CARE DEMONSTRATION PROGRAM
Program Aims to Improve Care Coordination for Individuals Dually Eligible for Medicare and Medicaid
DETROIT, MI (November 6, 2013) – Molina Healthcare, Inc. (NYSE: MOH) today announced that its health plan subsidiary, Molina Healthcare of Michigan, Inc., has been chosen to participate in Wayne and Macomb counties as part of the Michigan Demonstration Program to Integrate Care for Persons Eligible for Medicare and Medicaid (Demonstration). The Michigan Demonstration program is intended to improve care coordination for individuals enrolled in both Medicare and Medicaid.
The selection of Molina Healthcare of Michigan to participate in the Demonstration was made by the Michigan Department of Community Health (MDCH) pursuant to a request issued this past summer for proposals for qualified health plans to serve in the Demonstration. The commencement of the Demonstration is subject to the readiness review of the selected health plans, and the execution of a three-way agreement between each health plan, MDCH, and the Centers for Medicare and Medicaid Services (CMS). Enrollment for Wayne and Macomb counties is expected to begin on October 1, 2014.
“We are pleased to have been selected as one of the plans to manage the comprehensive supports and services of this population in Michigan,” said Stephen Harris, president of Molina Healthcare of Michigan. “We believe that the dual-eligible population will benefit from coordinated care, simplifying the management of these individuals’ health and improving their health outcomes.”
Molina Healthcare has many years of experience in coordinating care for individuals who are eligible for both Medicare and Medicaid. Molina Healthcare’s health plans in California, Illinois, Ohio and South Carolina were also selected to participate in dual-eligible demonstration projects expected to begin in those states in 2014.
Molina Healthcare of Michigan currently operates Medicaid and Medicare health plans with total membership of approximately 213,000 as of September 2013. Additionally, Molina Healthcare of Michigan is a certified Qualified Health Plan issuer on the Michigan Health Insurance Marketplace in the non-group health insurance market in Wayne, Oakland and Macomb counties.
About Molina Healthcare, Inc.
Molina Healthcare, Inc. (NYSE: MOH), a FORTUNE 500 company, provides quality and cost-effective Medicaid-related solutions to meet the health care needs of low-income families and individuals and to assist state agencies in their administration of the Medicaid program. The Company’s licensed health plans in California, Florida, Illinois, Michigan, New Mexico, Ohio, Texas, Utah, Washington, and Wisconsin currently serve approximately 1.9 million members, and its subsidiary, Molina Medicaid Solutions, provides business processing and information technology administrative services to Medicaid agencies in Idaho, Louisiana, Maine, New Jersey, and West Virginia, and drug rebate administration services in Florida. More information about Molina Healthcare is available at www.molinahealthcare.com.
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