The first week in August was eventful for Molina Healthcare Inc.
On Friday August 4, a federal judge ruled that the insurer is owed more than $52 million under an Affordable Care Act program meant to incentivize insurer participation in the public exchanges.
Just two days before, however, the company announced that it will exit the marketplaces in Utah and Wisconsin by year's end. It experienced losses of $230 million in the second quarter.
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Kristen Rasmussen
Kristen Rasmussen is an Atlanta-based reporter who covers corporate law departments and in-house attorneys.
