John Kotal 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 — last year it averaged 25%.”
On , John Kotal, Chief Operating Officer of Molina Healthcare of California at Molina Healthcare Inc, spoke about premiums during Molina Health CEO Says GOP Health Bill 'Poorly Drafted' on BloombergTelevision.
About John Kotal
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.