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Molina Healthcare points to acquisitions, accounting practices for its impaired net worth

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A managed-care plan that fell below statutory surplus requirements is citing, among other things, acquisitions and state reporting requirements for the dip in net worth. The Office of Insurance Regulation entered into a consent order (see below) with Molina Healthcare of Florida on May 15. The consent orders allow the Florida plan to continue to accept new enrollment and requires the parent company to assure its financial stability. Leigh Woodward of Molina Healthcare of Florida attributed the company’s impaired net worth for…

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