Medica eliminating another 250 jobs as it exits state contract
It was the second and final round of layoffs, the health insurer said, stemming largely from its pullback in the
"The amount of disruption in a short period of time is concerning," said
Sen.
"We need to get to stability," Lourey said. "But it's a better place to be, truthfully, to insert that competition and maintain that competition. ... I think that there was too much profit."
Sen.
"Unfortunately, I think the lesson is particularly painful for
Until the end of the month,
"
But company officials on Thursday said the bulk of the job cuts this year are related to the state contract. The impact on its business selling coverage to the private sector would be minimal, the insurer said.
About 110
With the job cuts Thursday,
For 2016,
The state, however, argued that
With the job cuts announced Thursday,
The federal Affordable Care Act has significantly expanded
At that point, UCare was the largest HMO in the programs, but it surrendered that position to
While
Twitter: @chrissnowbeck
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