It’s not just Optum folks. This is a business decision based on changes in CMS reimbursement. Stay objective, and focus on moving ahead. The business cycle is not one of constant uninterrupted growth for those that just joined the chat!
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They are firing American workers and hiring off shore contractors. Their stock is great. they are not hurting. This is for executive bonuses, period.
The big difference is that UHG and Optum are skirting the Warn act by strategically spacing out the layoffs. We continue to purchase organizations and then rip them apart later. The members are all that is important.
At least Aetna acknowledged the layoffs instead of remaining silent.
CMS is Centers for Medicare and Medicaid services. https://www.cms.gov/
The set the rates for Medicare related reimbursements for healthcare services as well as premiums and that is how payers and providers are affected.
CVS has done 1 layoffs thus far… optum is on its 15th this year…
For those not familiar, can you explain the CMS changes and how they impact health care organizations?