Molina reports 261K ACA exchange enrollees nationally
2018 MIDTERM ELECTION
Time: D H M S
Over at LifeHealth Pro, Allison Bell notes the 2nd quarterly earnings reports for 4 major insurance carriers: Aetna, Molina, Cigna and Health Net.
Unfortunately for my purposes, most of the info here relates to dollars (which is understandable for earnings reports, of course), but there was one relevant enrollment number given:
Molina is reporting $39 million in net income for the latest quarter on $3.5 billion in revenue, compared with $7.8 million in net income on $2.3 billion in revenue for the second quarter of 2014.
The company ended the quarter providing or administering medical coverage for 3.4 million people, up from 2.3 million people a year earlier.
Enrollment in the company's PPACA public exchange qualified health plans (QHPs) increased to 261,000 from 18,000.
That's an impressive year over year increase...over 14x as many ACA exchange enrollees for Molina this year than last.