- Molina Healthcare more than doubled profit, which totaled $143 million, in 2015.
- Last year, the insurer benefited from 557,000 low-income members who gained coverage under the ACA's Medicaid expansion, Modern Healthcare reported.
- If it had not been for Molina's $15 million "contract settlement charge" with College Health Enterprises, their Q4 profit could have been higher.
Some health insurers have seen financial losses that they attribute to ACA plans, Healthcare Dive previously reported. On the other hand, Molina, which operates in six states that expanded Medicaid under the ACA to people who comprise 138% of the federal poverty level ended 2015 with a 1% profit margin, an increase from its 0.6% margin in 2014, Modern Healthcare reported.
Two years ago, the insurer did not have the same amount of low-income members. The population represents nearly 16% of its 3.5 million membership base. At the end of 2015, Molina had 205,000 ACA exchange members, compared to 15,000 the year before.