HealthMarkets Cuts 70 Employees This Month, 180 More To Come | LayOff Watch
 

HealthMarkets Cuts 70 Employees This Month, 180 More To Come

HealthMarkets Cuts 70 Employees This Month, 180 More To Come

Wed, Aug 25, 2010

job loss

Texas-based insurance provider HealthMarkets has announced an initial round of layoffs. The company expects it will be the first round between now and the first quarter of 2011.

70 employees were handed pink slips this month and 180 more are expected to receive them sometime in early 2011. In a filing with the SEC, HealthMarkets cited “dropping enrollment levels experienced by the company’s insurance subsidiaries,” as one of the reasons for the layoffs. Additionally, they blamed national healthcare reform and “related legislative developments.”

The company did not reveal which departments were affected by the layoffs. Spokeswoman Donna Ledbetter says the filing with the SEC“ contains all the relevant information regarding the recent change to our work force.”
HealthMarkets laid off 130 employees at their North Richland Hills headquarters in February.

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Popular Tags:
 subsidiary   Texas   pink slips   business development   work forces   filing   layoffs   headquarters  
  • Jean B

    I’m surprised they even have that many employees to lay off. They’ve been barred from doing business in some states owing to their scam practices. If national healthcare reform is putting this outfit out of business all I can say is it couldn’t have happened to a more deserving company! Hopefully Healthmarkets and their related scamming companies in Texas will cease to exist altogether!

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  • lisa g

    Not suprised the company is failing. I worked there for 24yrs. I knew as soon as Ron jensen died and the family sold it off to Blackstone Group, we were in trouble. Mr Jensen loved and cared about his company and its employees. Blackstone came in and suddenly we are counting how long it takes to type a letter, dictating how long you should be on a phone call, putting quotas for production in place. the focus went from quality and accuracy to quantity without regard for error. Many long term employees who worked hard, cared about their work were terminated due to not meeting quotas,while those that made the numbers were rewarded with bonuses. I quit after 2 years of that crap. I could not take it any more, what Blackstone had done to our company. It made me sick and sad. I quit in July 2007 and managed to escape with all of my 401k. Others that hung in there have not fared as well. What a tragedy. Shame on you Blackstone Group.

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