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Molina swings to a profit in 2018 after cost-cutting
Modern Healthcare

Molina Healthcare is starting to see some results from its companywide overhaul. The health insurer swung to a profit in the fourth quarter and full year 2018, after taking steps to slash medical and administrative costs.

“We have accomplished much over the last year as we executed the first phase of our margin recovery and sustainability plan,” Molina President and CEO Joe Zubretsky said in a statement. “Our full year results are a capstone to a very successful beginning of this margin turnaround and growth story.”