Molina Healthcare, a health insurer that specializes in the Obamacare and Medicaid healthcare programs for low-income and poor people, plans to cut about 1,400 jobs in the next few months, according to an internal company memo reviewed by Reuters.
Molina’s decision comes after it reported a first-quarter loss related to the individual plans created under former Democratic President Barack Obama’s healthcare law, and then fired its Chief Executive Officer Mario Molina a few months later.