Insurer Molina suffers Obamacare losses, may quit exchanges

Published February 15, 2017 9:40pm ET



Molina Healthcare, one of the stalwart insurers in Obamacare, said it may pull out of the healthcare program next year after it saw its fourth-quarter profit tumble, due to massive losses from its participation in the law.

“We believe there are too many unknowns to commit to participation beyond 2017,” Molina CEO J. Mario Molina said in a call with reporters Wednesday afternoon. “We will wait and see how the new administration and Congress plans to adjust the program.”

Already a print subscriber? Click here to login/register your account

Trusted reporting.Unlimited access.

Subscribe for full access to Washington Examiner coverage, expert political analysis, and subscriber-only journalism.

Get Unlimited Access

Already a member? Log in

Cancel anytime.