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Molina Healthcare was founded in 1980 by C. David Molina, an emergency room physician in Long Beach, California. [4] He had seen an influx of patients using the emergency room for common illnesses such as a sore throat or the flu because they were being turned away by doctors who would not accept Medi-Cal.
The company was founded in 1936 and is based in Chicago, Illinois with a network of offices in the United States. Health Care Service Corporation is the licensee of the Blue Cross and Blue Shield Association for five states. It concentrates its operations in Illinois, Montana, New Mexico, Oklahoma, and Texas.
Advocate Illinois Masonic Medical Center, Chicago; Advocate Lutheran General Hospital, Park Ridge; Advocate Sherman Hospital, Elgin; Advocate South Suburban Hospital, Hazel Crest; Advocate Trinity Hospital, Chicago; Alexian Brothers Behavioral Health Hospital, Hoffman Estates [1] Alexian Brothers Medical Center, Elk Grove Village [1] Anderson ...
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The merged system includes six hospitals, more than 515 physicians, 6,475 employees and 85 outpatient and specialty care clinics in Illinois and Wisconsin. In January 2019, they opened a $505 million hospital and physician clinic in Rockford called Mercyhealth's Javon Bea Hospital and Physician Clinic–Riverside.
Molina Healthcare, a major Medicaid provider, said that it was considering exiting some markets in 2018, citing "too many unknowns with the marketplace program." Molina lost $110 million in 2016 due to having to contribute $325 million more than expected to the ACA "risk transfer" fund that compensated insurers with unprofitable risk pools.
Magellan sold its managed care division to Molina Healthcare in 2018. [11] On January 4, 2021, it was announced Centene Corporation would acquire the company for $2.2 billion. [12] On January 4, 2022, the acquisition was completed. [13] Centene divested Magellan Rx in 2022 to Prime Therapeutics. [14]
The Cigna Group is an American multinational for-profit managed healthcare and insurance company based in Bloomfield, Connecticut. [2] [3] Its insurance subsidiaries are major providers of medical, dental, disability, life and accident insurance and related products and services, the majority of which are offered through employers and other groups (e.g., governmental and non-governmental ...