In Year Marked By Upheaval And Reorganization, Molina Posts $512M Loss
Along with a major restructuring in 2017, the company also was affected by the government's decision to end insurer subsidies.
Long Beach Press-Telegram:
Molina Healthcare Reports $512-Million Loss For 2017
Molina Healthcare reported a $512-million loss for 2017, a year when the firm changed its top leadership and underwent a company-wide reorganization. ...The company attributed its 2017 losses to such factors as the costs of its restructuring and the federal government’s termination of subsidy payments that executives believe are still owed to the firm. (Edwards, 2/12)
In other news from across the state —
KPCC:
Ordinances Aim To Speed Up Homeless Housing Construction
Two ordinances before a city council committee Tuesday aim at making it easier to erect temporary and permanent housing for homeless people in Los Angeles. While one would ease the process for motels looking to convert into homeless shelters or affordable apartments, the other would eliminate some of the barriers for new construction of multiunit buildings to house L.A.'s poor people and formerly homeless individuals and family. (Palta, 2/13)
The San Diego Union-Tribune:
Alzheimer's Educational Tour To Kick Off In San Diego On Feb. 20
A free, 15-city tour that aims to broaden the public’s knowledge of Alzheimer’s disease kicks off in San Diego on Feb. 20. Presented by the Alzheimer’s Foundation of America, the one-day symposium, which is scheduled for the Sheraton San Diego Hotel and Marina on Harbor Island, includes expert presentations on the current state of Alzheimer’s research and information for caregivers who have a loved one suffering from the disease. (Sisson, 2/12)
The San Diego Union-Tribune:
Rady Children's Institute Sets Guinness World Record
It took 13 years to build the first full set of genetic blueprints for the human race by sequencing the DNA inside our cells that governs everything from eye color to risk of debilitating disease. But a team at Rady Children’s Institute for Genomic Medicine, working closely with homegrown sequencing sensation Illumina Inc., just proved it’s possible to get the job done in just 19.5 hours. On Feb. 3, the Guinness Book of World Records documented the technological feat, which could provide quicker diagnoses for kids with puzzling and immediately life-threatening illnesses and hasten the inevitable moment when genetic analysis enters the mainstream. (Sisson, 2/12)