Molina Healthcare is cutting about 1,500 jobs from its corporate department and health plans nationwide, and some of those jobs are in South Florida.
The California-based company has a strong presence in Miami-Dade and there were tears at its Doral office Thursday morning when some employees learned they were laid off.
"We are taking aggressive, urgent and determined actions to improve our financial performance," said Joseph White, the interim chief executive, during a press conference about the April-to-June quarter's $230 million loss.
In addition to the job cuts, Molina Healthcare will also not be offering government-subsidized marketplace Obamacare plans in Utah and Wisconsin.
Republican Sens. Bill Cassidy of Louisiana and Lindsey Graham of South Carolina have a new proposal to scrap President Barack Obama’s health care overhaul.
Their proposal shifts money and decision-making from the federal government to the states, allows insurers to charge higher premiums to seriously ill customers and cuts Medicaid, the health insurance program for the poor, over time.