Molina Healthcare Shares Decline Amid Rising Medical Costs and Obamacare Concerns
The health insurer's stock dropped as higher medical expenses and uncertainty over the Affordable Care Act weigh on investor sentiment.
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Terms & Concepts
Affordable Care Act (Obamacare): A U.S. healthcare reform law aimed at expanding insurance coverage, reducing costs, and improving healthcare system efficiency.
Medical Loss Ratio: A measure of the percentage of premium revenues spent on clinical services and quality improvement versus administrative costs and profits.