Molina CEO considers return to some Obamacare markets

Published April 30, 2018 2:15pm ET



Molina Healthcare Inc. is leaving open the possibility of returning to two Obamacare marketplaces the company left in 2017 after heavy losses.

Chief Executive Officer Joseph Zubretsky told investors on Monday that the insurer may resubmit price proposals for Utah and Wisconsin, but is still developing preliminary bids due in June. Molina withdrew from the two states and sought to cut 1,500 jobs after a net loss of $230 million in the second quarter of 2017.

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