Wednesday, August 02, 2017

More ObamaCare "Bad Luck"

Less than 12 months ago:  "Meet the Insurer Making Money from ObamaCare."
The big insurers’ troubles have led critics to raise questions about the overall sustainability of the ObamaCare model.
But Molina sees more room for his company to grow. It has already announced plans to expand this year into three more markets.
Today: "Molina to Cut Costs, Eliminate 1,500 Jobs Following Big Loss"
The company said it’s eliminating about 1,500 jobs as part of a restructuring plan that it hopes will save $300 million to $400 million by late next year. In the meantime, Molina withdrew its 2017 earnings outlook. The company also said it will exit money-losing Affordable Care Act markets in Utah and Wisconsin for next year.
Wow.  No doubt "Unexpectedly."


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