Obamacare Generating Billions in CA Insurer Profits

Apr 2015
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.