Home » Business » ASES does not authorize the sale of Molina Healthcare to Triple-S

ASES does not authorize the sale of Molina Healthcare to Triple-S



The Executive Director of the Health Insurance Administration (ASES), Jorge Galva, confirmed this Sunday that the entity did not authorize the sale of the insurer Molina Healthcare of Puerto Rico to Triple-S.

According to the official, “After a risk assessment, the ASES Board of Directors, specialized advisers and our team determined that the proposed transaction is contrary to the best interests of the beneficiaries and providers of the Vital Plan”, of which Molina Healthcare is part.

Galva gave the insurer five business days to submit an “acceptable plan” to ASES and the state and federal regulatory agencies that have jurisdiction over the government’s health plan.

According to an ASES press release, Molina Healthcare, which has some 168,000 Plan Vital beneficiaries, had planned to cease operations to transfer them to Triple-S on July 1.

“In addition, Molina Healthcare must continue offering its services until an orderly transition is approved before Molina ceases its functions in Puerto Rico,” Galva said.

The official said he expects to have a meeting next week with the insurer’s executives to discuss his determination.

“We will keep beneficiaries and service providers assigned to the Molina Healthcare insurer informed of the transition plan that is finally approved, which we will communicate appropriately.” He added that “in this process the patient has and will have the power to choose his insurer and we will ensure the protection of the interests of providers in the current Molina network.”

– .

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.