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Molina Healthcare Inc. on Monday became the latest health insurer to issue a profit warning, citing rising medical costs and “off-cycle disclosures” from other companies in the managed-healthcare sector.
The company’s stock
MOH rose premarket but is down 1.4% in afternoon trading. That was after it tumbled 19.4% last week in response to Centene Corp.’s CNC warning of higher-than-expected medical costs.
This post was originally published on Market Watch
