Big ObamaCare Insurer Molina Health Fires CEO; Stock Surges

Molina Healthcare (MOH), one of the biggest participants in the ObamaCare exchange markets and Medicaid expansion, fired its two top executives on Tuesday, sending the underperforming stock surging nearly 15%.

Molina's board of directors blamed the insurer's "disappointing financial performance" and said a leadership change would help "drive profitability through operational improvements."

The company said it sees "opportunities for sustained growth," though it wasn't immediately clear if...

What feeling does this article give you?
Joy
Disgust
Fear
Anger
Sadness

#hashtags to follow:

Molina Healthcare [+]    MOH [+]    ObamaCare [+]    Medicaid [+]   

More #news: