Molina Healthcare, Inc. (NYSE:MOH) Q2 2020 Earnings Conference Call - Final Transcript
Jul 30, 2020 • 08:00 pm ET
of the year, as well as revenue from YourCare membership, that is effective July 1, 2020. In taking this cautious approach to providing earnings guidance for the balance of the year, we have considered a wide range of potential outcomes from the factors that Joe previously described.
Now I offer some additional items of note. The low yield environment and its drag on investment income should persist in the second half. We are likely to incur additional administrative expenses for COVID related operating protocols. We are also going to incur costs associated with the launch of our new Kentucky contract and integration costs associated with the Magellan Complete Care acquisition. And lastly as a reminder, consistent with our historical practice, previously announced acquisition that have not yet closed are excluded from our guidance.
This concludes our prepared remarks. Operator, we are now ready to take questions.