Molina Health CEO Says GOP Health Bill 'Poorly Drafted'
Mar.09 -- J. Mario Molina, Molina Healthcare chief executive officer, comments on the American Health Care Act. He speaks with Bloomberg's David Gura on "Bloomberg Markets."
Chief Operating Officer of Molina Healthcare of California, Molina Healthcare
Search every verified John Kotal interview, podcast appearance, and on-the-record quote โ each transcript cross-checked by AI and human review to confirm speaker identity. In March 2017, Molina Healthcare CEO J. Mario Molina criticized the American Health Care Act, the Republican bill to replace the Affordable Care Act. He described it as a "poorly drafted piece of legislation" that was "being rushed through Congress." Molina stated that the insurance industry was not consulted during the drafting process, saying "as far as I know the insurance industry was not invited to participate in this so we've had no input." Molina argued that the bill would cause 15 to 20 million Americans to lose coverage and lead to significant premium increases. He provided a specific example of a 40-year-old man in California whose monthly premium would rise from about $20 under the ACA to $110 under the new proposal. Molina also expressed concern that removing the individual mandate would cause insurers to raise premiums, and he described the idea of buying insurance across state lines as a "myth." He warned that shifting Medicaid to the states would create conflicts between funding healthcare and education, and that the bill would have a "huge ripple effect through the entire economy," including hospital layoffs and job losses.
“I think this is a poorly drafted piece of legislation and it's being rushed through Congress.”
“As far as I know the insurance industry was not invited to participate in this so we've had no input.”
“Fifteen to twenty million Americans are going to lose their coverage; doctors don't like this bill, hospitals don't like this bill, seniors don't like this bill, Republican governors don't like this bill and Democratic governors don't like this bill.”
“By removing the individual mandate insurers are going to be concerned that people will wait until they're sick to buy insurance and that's going to mean they're going to raise premiums.”
“The premium increases you're going to see for 2018 if this bill passes are going to be as large or larger than what we saw last year โ last year it averaged 25%.”
“For our silver product in California the cost is about $4,300 per year ... a 40-year-old man would get a $3,000 tax credit that means he's going to have to come out of pocket for the other $1,300 โ he's paying about $20 a month under Obamacare that's going to go to $110 a month under this new proposal.”
“There are these subsidies called CSRs that will go away; that's going to increase cost by about 10%.”
“The idea of buying insurance across state lines is a myth โ the barrier isn't licensing, it's getting contracts with doctors and hospitals and developing the provider network, and I think it's going to do a lot of damage to consumers.”
“Medicaid is going to be shifted from a federal program to the states and people are going to start arguing about do we fund Medicaid or do we fund education โ this is going to have a huge ripple effect through the entire economy.”
“Hospitals are going to lay people off, people are going to lose their jobs, people are going to lose insurance coverage โ this is not a minor issue, this is pervasive.”
Mar.09 -- J. Mario Molina, Molina Healthcare chief executive officer, comments on the American Health Care Act. He speaks with Bloomberg's David Gura on "Bloomberg Markets."
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