Keyword: Joseph Zubretsky
Has Molina Healthcare’s new leadership team been so successful in their company turnaround that they’ve run out of places to grow? CEO says no.
While most insurers are largely insulated from massive changes to the ACA, Molina and Centene have a lot riding on the marketplace.
Molina is still primarily a Medicaid insurer, but it's carving out significant profits on the ACA exchanges.
It's the latest in the company's efforts to rebuild itself, as it will use the proceeds to repay debts.
After reporting $512 million in losses last year, Molina Healthcare is mounting a resurgence with its eye on the ACA exchanges.
Top executives at the nation’s largest public insurance companies earned $342.6 million in 2017, with the highest-paid executive bringing home $83.2 million.
Molina Healthcare said Tuesday that it lost $512 million in 2017 and $262 million in the fourth quarter alone.
J. Mario Molina, M.D., now resigned from Molina Healthcare’s board of directors after being fired as the company's CEO in May.
Molina Healthcare, which is in the midst of a restructuring effort after firing its two top executives, lost $97 million in the third quarter of 2017.
More than five months after ousting its CEO and CFO, Molina Healthcare has found a new top executive.