Molina Takes Hit In Exchange Business In Third Quarter

By Amy Lotven / November 16, 2020 at 6:42 PM
Molina Health told investors in a recent third quarter earnings call that its bronze-tier marketplace plans underperformed in the third quarter, partially due to COVID-19 spikes in states with high enrollment, but also because the insurer has not yet gotten a handle on two critical factors for those products: utilization control and accurately reporting risk scores that reflect the acuity of enrollees. CEO Joe Zubretsky said that while a couple of years ago he had predicted margins of 8.5% to...

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