Do You Work For Moda?

Moda expected $82.5 Million from Federal Government but only received a fraction. Health insurers will receive less than 13 percent of the money owed them under a federal program designed to protect against uncertainty during the first three years of health reform. That prospect hits Portland’s Moda Health especially hard. Moda Health had expected to receive $82.5 million, but now will receive only $10.4 million. To put that in perspective, the $82.5 million is 68 percent of the $122 million in total capital it reported in 2014. Its loss for the year was $4.3 million. Will MODA be the next Oregon company to fold due to Government incompetance?
www.bizjournals.com/portland/blog/health-care-inc/…a=fbk
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