Joseph Zubretsky on premiums
From Molina Health CEO Says GOP Health Bill 'Poorly Drafted' · · BloombergTelevision
“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 — and last year it averaged 25%.”
On , Joseph Zubretsky, President, Chief Executive Officer & Director at Molina Healthcare, spoke about premiums during Molina Health CEO Says GOP Health Bill 'Poorly Drafted' on BloombergTelevision.
About Joseph Zubretsky
In March 2017, Molina Healthcare CEO J. Mario Molina criticized the American Health Care Act, the Republican-backed bill to replace the Affordable Care Act. He described it as a "poorly drafted piece of legislation" that was "being rushed through Congress," and stated that the insurance industry was not consulted during its drafting. Molina predicted that 15 to 20 million Americans would lose coverage, particularly those who gained it through Medicaid expansion, and that premiums would increase significantly, with increases "as large or larger than what we saw last year." He argued that the bill would destabilize the individual market by removing the individual mandate and that provisions allowing the sale of insurance across state lines would "do a lot of damage to consumers." Molina also expressed concern about the shift of Medicaid from a federal program to the states, stating that it would force a choice between funding Medicaid and education, with a "huge ripple effect through the entire economy." He noted that the bill was opposed by doctors, hospitals, seniors, and governors from both parties, and he encouraged people to contact their representatives and governors to voice their concerns.