Molina said it is disbursing $500 to each of its eligible 9,000 employees to help them with their personal expenses related to the pandemic. In total, Molina will give $4.5 million to employees. The insurer is also offering employees 80 hours of paid leave if they get COVID-19, among other benefits.
For providers, Molina is speeding up $150 million in payments. All providers across the nation are facing financial hardship from the cancellation of elective surgeries due to COVID-19.
More articles on payers:
UnitedHealth posts $3.4B profit; Optum CEO to take leave of absence
Blue Shield of California company acquires 2,700-physician group
CMS requires insurers to waive cost-sharing for COVID-19 diagnostic, antibody testing
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