The insurance sector has experienced its first year of job losses since the pandemic, according to Bureau of Labor Statistics data released Jan. 9. Four notes:
Workforce
Payers are trimming their workforces and cutting jobs due to financial or operational challenges, along with contract losses.
Computerworld’s 32nd report on the top places to work in IT featured five health payers. The Dec. 9 list relied on a survey from Computerworld publisher Foundry and included a breakdown by company size and areas of strength. Of the…
UCare is laying off roughly 250 employees in early January as the Minneapolis-based nonprofit insurer moves toward shutting down, the Minnesota Star Tribune reported Dec. 12. Another 650 workers are expected to transition to jobs at Medica, which announced in…
Horizon Blue Cross Blue Shield of New Jersey is exploring a move to a new headquarters building in downtown Newark as part of a mixed-use redevelopment project. The insurer’s current headquarters at Penn Plaza East would be redeveloped under a…
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Seven insurers were recognized among America’s healthiest workplaces, according to an Oct. 15 ranking. Healthiest Employers recognizes the 100 healthiest workplaces in the U.S. in its annual ranking. Participating organizations complete an assessment, which is scored on a 100-point scale.…
Arkansas Blue Cross and Blue Shield has started offering “an early-out option to eligible employees,” according to a statement shared with Becker’s on Dec. 1. The insurer said the decision stemmed from “current budget constraints, including changes in membership for…
AHIP published its state-by-state report on health coverage Nov. 12, which includes the average salary for health insurance industry employees across the U.S. Calculations for the average salaries are based on U.S. Census Bureau data from 2022. The District of…
Trade association AHIP published its state-by-state report on health coverage Nov. 12. The organization identified 697,928 health plan employees and 1,301,167 insurance-related employees across the country based on U.S. Census Bureau 2022 data. Here are how many health plan employees…
MDwise is laying off 238 employees in January and will close its office in Indianapolis, according to regulatory documents filed Nov. 13. The layoffs follow Indiana’s decision to remove the insurer as a managed care health plan in its Medicaid…