Business UpdateJun 10, 2026, 04:27 PM
Molina Healthcare Wins Illinois Medicaid Contract
AI Summary
Molina Healthcare, Inc. announced that its Illinois health plan subsidiary, Molina Healthcare of Illinois, intends to be awarded a HealthChoice Illinois Medicaid Managed Care program contract by the Illinois Department of Healthcare and Family Services. The contract is expected to go live on January 1, 2027, with an initial duration of four-and-a-half years and an option for a five-and-a-half-year extension. Molina will be one of six health plans serving Illinois's approximately 3.1 million Medicaid beneficiaries.
Key Highlights
- Molina Healthcare of Illinois intends to be awarded a HealthChoice Illinois Medicaid Managed Care program contract.
- The contract's go-live date is expected to be January 1, 2027.
- The initial contract duration is four-and-a-half years.
- The state has an option to extend the contract for up to an additional five-and-a-half years.
- Molina Healthcare of Illinois will be one of six health plans in the program.
- The program covers approximately 3.1 million total Medicaid beneficiaries in Illinois.
Price Impact
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