The 261 companies who actively market Medicare Advantage plans to seniors in the U.S. enrolled 11.5 million Medicare beneficiaries in the 2010 enrollment season.
Calling it a “regrettable but necessary” reduction of its workforce, Humana announced it will cut 2,500 positions this year, but balance that with 1,100 additional jobs in some departments, including medical-cost containment, specialty products and pharmacy management.
Membership in the nation’s top health insurance plans fell by 1.3% in the third quarter of 2009, as the recession and high unemployment rates battered enrollments, according to a new report.
Medicare Advantage plan enrollment fell 2.8% in January, compared to the prior month, leading one analyst to call the preliminary results for the 2010 open-enrollment period “troublesome.”
The national federation of Blue Cross and Blue Shield licensees saw a small decrease in the number of people it provides health insurance coverage to, according to a new analysis.
The nation’s eight largest health insurance companies collectively lost 836,000 members in the first six months of the year, as commercial enrollment sagged.
As a direct result of the Patient Protection and Affordable Care Act (PPACA) – also known as ObamaCare – health insurance agent and broker commissions have been slashed by as much as 50%. Agencies have been forced to lay off employees, limit products and services, shift to other lines, and have seen significant drops in compensation.