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Obamacare and Medicaid specialist Molina Healthcare to cut about 1,400 jobs, memo says

July 25, 2017

Via: CNBC
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Molina Healthcare following the city’s water contamination and federal state of emergency. Molina Healthcare to cut about 1,400 jobs ¬†17 Hours Ago | 00:27Molina Healthcare, a health insurer that specializes in the Obamacare and Medicaid healthcare programs for low-income and poor people, plans to cut about 1,400 jobs in the next few months, according to an internal company memo reviewed by Reuters.

Molina’s decision comes after it reported a first-quarter loss related to the individual plans created under former Democratic President Barack Obama’s healthcare law, and then fired its Chief Executive Officer Mario Molina a few months later.

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