Molina Healthcare Inc. (MOH) announced that the Illinois Department of Healthcare and Family Services (HFS) intends to award a HealthChoice Illinois Medicaid Managed Care program contract to its Illinois health plan subsidiary, Molina Healthcare of Illinois.
The new contract is expected to go live on January 1, 2027. It will run for four-and-a-half years, with the option for the state to extend it for up to an additional five-and-a-half years. Molina Healthcare of Illinois will be one of six health plans providing coverage to Illinois's approximately 3.1 million Medicaid beneficiaries.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.