, Columnist
A Sign That Obamacare Exchanges Are Failing
Molina Healthcare had done OK selling basic plans on the individual market. Until now.
Preparing for deathwatch.
Photographer: Gennady Imeshev/Getty Images/Cultura RFThis article is for subscribers only.
Yet more bad news for Obamacare this week: Molina Healthcare lost $110 million on the exchanges last year, and the CEO told investors, “There are simply too many unknowns with the marketplace program to commit to our participation beyond 2017.”
At first glance, it’s hard to see why this piece of news is worth worrying about. UnitedHealth recently projected several times those losses, and it's a bigger player on the exchanges. Why spend so much time looking at one modest-size insurer?