Here is yet another layoff announcement from Cigna - and for those of you that did not get the memo yet - it's all about lining the executive pockets with fat money - forget the worker, forget the patient, forget the shareholder... Cannot you see that I am bitter about Cigna?
Some 60 health insurance servicing employees are losing their jobs after Cigna's government services affiliate lost one of its federal Medicare contracts.
The workers have 30 days before the jobs in the Nashville office go away, Cigna spokesman Joe Mondy says.
The insurance carrier lost a Medicare contract to a Birmingham carrier, he says, forcing the move. However, an additional 56 jobs will be saved because Cigna is transferring service work for its Medicare Advantage program, a private Medicare business, over to them, he says.
"There's still a lot of Medicare services even though we lost one contract," Mondy says. "Now they're focusing on private fee-for-service Medicare plans. We'll continue to have a very large presence."
Cigna's Nashville office employs about 1,000, he says. The affected employees received their 30-day notices Read more at: http://www.bizjournals.com/nashville/stories/2009/08/03/daily16.html