Independent Health is cutting 59 jobs across multiple departments, effective immediately, the Buffalo News reported Aug. 20.
Independent Health has about 1,200 employees, 340,000 members and reported a net loss of $66 million in 2024.
“Like health plans nationwide, we are navigating unprecedented financial pressures,” a spokesperson for the insurer told the news outlet. “Rising prescription and specialty drug costs, increased use of health care services, and upcoming federal funding cuts to Medicaid and Medicare are placing extraordinary strain on the system. These challenges are affecting insurers of every size, and many across the industry are making far deeper cuts than we are today.”
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