Yes. Humana is also conducting major layoffs. Blame two things: One, the financial forecast of a worsening economy and two, a change in how the government is paying it's contracts based on scoring. Finance teams are tightening their belts to prepare for any economic difficulty ahead where employers and individuals will have less extra cash to spend on buy-ups and cushioned health plans. Most insurers are receiving much less from Uncle Sam because of how payments have changed. This is what all the talk about CAHPS, HEDIS and Stars has been about. Pile on top of that rising healthcare costs due to a nationwide provider shortage, and the greedy trifecta of pharmaceutical companies, hospital administration and health insurance trying to max their profits or whatever else they call stealing and hoarding money. Pile on top of that pile the introduction of AI which is cutting jobs no matter how much they say it's not.
You're not completely out of career options. Health insurance skills translate well to the banking sector as well as any type of business administration. Unless you are a clinician. But if you are you could probably walk into any hospital and find a job at a premium salary right now.
This is a good overview, so I’m putting it up. Source: @lgm+1tGZroj2