Health & Fitness California Medicaid generating big profits for state administrators By Daniel Janson - November 7, 2017 0 640 Share on Facebook Tweet on Twitter Overall, Medicaid insurers in the Golden State made $ 5.4 billion in profits from 2014 to 2016, in part because the state paid higher rates during the inaugural years of the nation's Medicaid expansion under the Affordable Care Act. Healthcarecare Finance News Feed