Another Health Insurance carrier is feeling the pain of ACA (Obamacare)

Well one of the stars and big winners of ACA (Obamacare) was

at one time Molina Healthcare Inc..   Well, NOT ANY MORE.

Molina announced is cutting costs, shrinking its headcount and exiting

some Obamacare markets after a steep second-quarter loss, three months after pushing

out the brothers who’d led the firm their father founded.

The company said it’s eliminating about 1,500 jobs as part of a restructuring plan that

it hopes will save $300 million to $400 million by late next year. Molina also withdrew

its 2017 earnings outlook. The company also said that it will exit money-losing ACA

markets in UT and WI for next year and increase rates sharply elsewhere.

Read more in article by Zachary Tracer

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