Aetna CEO Bertolini Sees Job Cuts If No Obama-House Budget Deal
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Aetna Inc. Chief Executive Officer Mark Bertolini said he may freeze hiring or reduce jobs at the health insurer, and expects similar moves by other companies, if President Barack Obama and Republicans don’t reach a deal to avoid the “fiscal cliff” of tax increases and spending cuts.
Bertolini said he’s considering eliminating jobs at the Hartford, Connecticut-based company, the third-biggest U.S. health insurer, to guard against a potential recession should Obama and Congress fail to reach an agreement. In a phone interview, he said he is less optimistic after yesterday’s election maintained divided power in Washington.