Molina Has Dug A Narrow Moat in Its Government-Sponsored Plans

Molina provides at-risk medical insurance plans through government-sponsored programs, specifically Medicaid, Medicare, and the individual exchanges. It aims to gain business in these end markets by providing high-quality plans at low costs to customers. Molina looks laser-focused on medical cost and G&A expense management. That focus appears to help Molina generate economic profits and win business in its key end markets.