Molina Healthcare Expands Its Medicaid Business To Become Key Player On Marketplaces
While other insurers are pulling out of the health law marketplaces, Molina is expanding. This year it is expected to be in 12 states. Meanwhile, the premiums on the Colorado marketplace will rise 20 percent on average in 2017.
Meet The Insurer Making Money From ObamaCare
A California-based insurer that once sold mostly Medicaid plans has become a top competitor in ObamaCare’s marketplaces. In likely the toughest year yet for the reform law, Molina Healthcare is thriving in a market that’s seen high-profile departures from some of the nation’s largest health insurers. Dr. Mario Molina, the company’s CEO, attributes much of the company’s success to its long history of selling Medicaid plans, which forced it to rein in costs. (Ferris, 9/20)
Colorado Health-Insurance Rates To Jump 20 Percent On Average For Individual Buyers In 2017
Colorado residents who buy their health insurance themselves will pay 20 percent more on average next year, and, for the first time, residents in 14 counties will have the choice of only one carrier offering plans in their area via the state health insurance exchange. The increases are the largest in Colorado since the 2014 launch of the Affordable Care Act, also known as Obamacare. In some parts of rural Colorado, premium increases will top 40 percent, according to figures approved Tuesday by the Colorado Division of Insurance. However, tax credits for low-income residents will help blunt the impact of some of those increases, with consumers who currently receive the credits in line to see an average decrease of 11 percent in their premiums. (Ingold, 9/20)