To: benbuffett who wrote (78584 ) 11/21/2025 11:24:54 AM From: E_K_S Read Replies (2) | Respond to I like the stock and have a tracking GTC position. From what Sean wrote and my digging, it's a great value compared to UNH.UnitedHealth Group (UNH) & CVS Health (CVS): These companies are much larger than the others because their revenue includes significant non-insurance businesses:UNH includes revenue from Optum , its massive health services arm (which includes physician practices, data analytics, and the largest Pharmacy Benefit Manager).CVS Health includes revenue from its retail pharmacies and its own large Pharmacy Benefit Manager (Caremark). Their health insurance arm, Aetna , is the direct competitor to Molina.Elevance Health (ELV): Formerly known as Anthem, Elevance is one of the largest national MCOs, but a larger share of its business comes from the Commercial and Blue Cross Blue Shield segments compared to Molina. However, it is a significant player in state Medicaid programs.Centene Corporation (CNC): This is arguably Molina's most direct head-to-head competitor. Like Molina, Centene's business is heavily concentrated in the Medicaid and government-sponsored health sectors, making them rivals in securing state contracts across the country.Humana (HUM): Humana is one of the largest providers of Medicare Advantage (MA) plans, an area where Molina is also growing. Humana exited most of the Marketplace business, making its core focus similar to Molina's in terms of reliance on government funding, though targeting a different demographic (seniors).highly focused on a niche within the managed care space. It does not have the massive diversified revenue streams that come from:PBMs (Pharmacy Benefit Managers): (Held by UNH, CVS/Aetna, ELV)Retail Pharmacy Chains: (Held by CVS)Commercial Employer Insurance: (Large segment for UNH, ELV)"pure-play" investment for those betting directly on the growth and profitability of the government Medicaid and Medicare programs.
