As Rivals Stand Silent, One Health Insurer Protests G.O.P. Plan.
'In recent weeks, Dr. J. Mario Molina has anxiously approached lawmakers on Capitol Hill and governors across the country, warning them that the Republican efforts to overhaul the health care system could be devastating for insurers and patients alike.
As head of the California company founded by his father, Dr. Molina has become one of the few insurance executives publicly criticizing the House bill, which he believes could strip away coverage for millions of their clients and cause considerable turmoil for the insurance industry. The major insurers have mostly stayed silent during the debate, supporting some of the Republicans’ provisions that promise near-term stability for the insurance exchanges and a repeal of a tax on health insurance.
But while big insurers like the UnitedHealth Group and Aetna have already largely abandoned the individual marketplaces, Molina Healthcare has been a mainstay of the current federal health care law, offering Medicaid plans in 12 states and Puerto Rico. It has signed up about one million customers in the state marketplaces, and more than doubled its revenue in the last three years to nearly $18 billion.
But now Dr. Molina, a Democrat who took over Molina Healthcare in 1996 and runs it with his brother and sister, is warily watching the Republicans’ bill in the House as it comes to an expected vote on Thursday. Provisions that would cap federal funding for Medicaid to the states or cut subsidies for lower-income people threaten to upend some of the markets where Molina and other insurers have been trying to cement a baseline clientele.'>>>
https://www.nytimes.com/2017/03/22/health/molina-insurance-executive-republican-health-care-plan.html?ref=business