Obamacare Generating Billions in CA Insurer Profits

Apr 2015
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Katmandu
#2
With 13.5 million on Medicaid in California, wouldn't it make more cents for the state to administer the program?

“Those profits are gigantic — wow,” said Glenn Melnick, a health economist and professor at USC.

Alan Sager, a health-policy professor at Boston University, was surprised — and dismayed.

“California is being wildly open handed and excessively generous with insurers,” he said.