Modern Healthcare: Republican Donald Trump's presidency is primed to upend every corner of the health insurance industry that has spent the past six years acclimating to the rules of the Affordable Care Act.
That shift will spill over to Americans with practically any type of health coverage—Medicare, Medicaid, employer-based or individual—which is creating anxiety for many in the industry and consumers alike. Among the most immediately affected were Medicaid-centric insurers, such as Centene Corp., Molina Healthcare and WellCare Health Plans, which took a beating in the stock markets Wednesday presuming the flood of Medicaid enrollees will come to a screeching halt.
“We weren't expecting this. All the polling seemed to point to (Hillary) Clinton winning,” Molina Healthcare CEO Dr. J. Mario Molina told Modern Healthcare on Wednesday. “I watched the returns last night, and all the political pundits, whether they were Democrats or Republicans, were surprised.”
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