Molina Healthcare in its fourth quarter 2019 earnings call said it expects to receive far less income from its Affordable Care Act exchange plans in 2020. The company is currently projecting that its exchange margins will top out at 4.9% this year, compared to 10.3% in 2019, which could add up to a difference of about $75 million. In the earnings call, executives cited increased competition for exchange membership, resulting in fewer sign-ups than anticipated, as one of the reasons for the unexpected drop. Molina currently serves 289,410 exchange members, as of the latest update to AIS’s Directory of Health Plans, representing about 9% of its total enrollment.
Source: AIS’s Directory of Health Plans