Molina Healthcare to drop out of Wisconsin's Obamacare marketplace

Molina Healthcare to drop out of Wisconsin's Obamacare marketplace

This does show a big impact in WI for ACA members. But, my main reason for posting this is 2fold.

1. This company, like many, many more nationwide, find it financially workable to continue managing Medicaid and state government welfare medical plans even though they say ACA is no longer financially feasible. That tells us we really need to learn more about how our tax money is going to profit them and why.

2. The decisions by these and other for profit insurance corporations to drop out of ACA is based on making a profit. The ACA says they can't use more than 20% of their premium income/subsidies for administrative overhead. Medicare and such costs in other countries is like 2% or 3%. Their top lever execs get millions in compensation. Millions are and will lose health care because millionaires aren't making enough profit.