Centene, Cigna, Others Drop As Molina's Results Rattle Sector
1. Molina Healthcare's earnings missed expectations, impacting the healthcare sector. 2. Molina revised 2025 guidance downward due to rising medical costs. 3. Investors reacted negatively, leading to lower shares for CI and other insurers. 4. Molina's consolidated Medical Care Ratio was reported at 90.4% for Q2. 5. Centene withdrew earnings guidance, suggesting broader industry concerns.