Molina reported a $100 million year-over-year drop in profits in 2020

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Molina reported a $100 million year-over-year drop in profits in 2020, with a rise in COVID-19 costs, acquisition expenses and risk-sharing payments during the public health crisis cutting into the Long Beach, Calif.-based insurer’s bottom line.

Molina reported a $100 million year-over-year drop in profits in 2020, with a rise in COVID-19 costs, acquisition expenses and risk-sharing payments during the public health crisis cutting into the Long Beach, Calif.-based insurer’s bottom line.

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