Humana to Cut 5.7% of Workforce Amid Uncertainty in Health Care
- Company to cut about 6 percent of its workers to rein in costs
- Insurer banking on Medicare plans after failed deal with Aetna
This article is for subscribers only.
Humana Inc. said it would eliminate about 2,700 jobs, or 5.7 percent of its workforce, as it looks to rein in its costs amid wider shifts in the health-insurance business.
The industry has been thrown into uncertainty by efforts to repeal or alter the Affordable Care Act. Humana, which this year scrapped a proposed $37 billion combination with rival Aetna Inc., had a smaller slice of the business created by the Obama-era health law than many peers, instead focusing on the more stable market for private Medicare plans.