Molina Healthcare Trims Fiscal-Year Guidance Days After Centene Withdraws Its Outlook

Molina Healthcare cut its full-year earnings guidance by 10% on Monday, days after fellow insurer Centene set off a managed care earthquake by pulling its financial guidance. Molina offers Medicare, Medicaid, and health insurance marketplace plans, and is one of the largest insurers in the U.S. For investors, the announcement didn’t seem to materially worsen the picture for Molina.