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 — 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.
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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