Health insurer Aetna has announced more job losses in Connecticut and in its global workforce. WNPR’s Harriet Jones reports.
Hartford based Aetna says it will lay off 625 workers, 160 of them in Connecticut. The health insurer says more workforce cuts will come early next year – likely a similar number to this round. Taken together, the two rounds of layoffs will eliminate about three and a half percent of the insurer’s workforce.
Aetna says its expecting that its enrollment numbers will drop significantly both this year and next. That’s because of layoffs among its client employers – as more people lose their jobs and therefore their health insurance, Aetna will have fewer medical members.
The health insurer also says it’s preparing pro-actively for the impact of health care reform. Its CEO Ronald Williams says streamlining the business will enable it to improve its competitiveness. Aetna has been particularly critical of the healthcare bill that passed the House of Representatives, saying its individual mandate to participate in insurance was not strong enough.
For WNPR, I'm Harriet Jones.