Humana, the second biggest provider of government-backed medical benefits, will cut roughly 1400 jobs – or about 5% of its workforce. The cuts are a money-saving move as the insurer adjusts to a smaller enrollment. The insurer’s total enrollment fell 11 percent last year. Humana finished 2009 with about 10.3 million people.
The Louisville, Kentucky-based insurer says it will balance 2,500 job cuts with 1,100 additional jobs in growth areas like pharmacy management and specialty products. The net loss of 1,400 amounts to 5 percent of its work force.
Humana sells commercial insurance and Medicare Advantage plans, administers Medicaid coverage and provides coverage through the military’s Tricare program.
Last June Humana’s President and CEO appeared on Bloomberg TV, where he called President Obama’s health care reform, “a slippery slope towards nationalized health care.” Here’s the interview: