Joseph Zubretsky — Molina Healthcare Inc.

Chief Executive and President

THE LATEST: In July, Molina acquired assets from YourCare Health Plan from Monroe Plan for Medical Care of Pittsford, N.Y. In September, Molina picked up the Medicaid and certain other assets of Passport Health Plan of Louisville, Ky. Together these deals added 370,000 members to Molina’s portfolio. Molina also struck two major deals last year that are still pending: the $820 million cash purchase of the managed care unit of Phoenix-based Magellan Health Inc. and the $380 million purchase of New York-based Affinity Health Plan.
BACKGROUND: Zubretsky took over as Molina’s chief executive in November 2017, a few months after Molina’s board fired Mario and John Molina as chief executive and chief financial officer, respectively. Zubretsky initially focused on improving operating margins before launching a vigorous expansion effort last year. Prior to Molina, Zubretsky served as president and CEO for Hanover Insurance Group. Before that, he served in several senior executive roles at health insurance giant Aetna, including as senior executive vice president of its national business unit. Molina Healthcare was founded by David Molina in 1980 with the mission of insuring low-income patients. The company eventually expanded into government-run health care insurance programs, including Medicare, Medicaid and state-run Obamacare exchanges.
YEARS ON THE LA500: 1
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