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Second-Largest Massachusetts Health Insurer to Lay Off over 70 Workers.
Knight Ridder/Tribune Business News, January, 2003
By Liz Kowalczyk, The Boston Globe Knight Ridder/Tribune Business News
Jan. 10--The state's second-largest health insurer, Tufts Health Plan, will lay off between 70 and 80 employees this month, part of a strategy to reduce administrative costs at a time of soaring insurance premiums.
The layoffs will occur in nearly every department, including operations, finance, sales and marketing, and member services, said spokeswoman Julie Rosen. One-third of the layoffs will be employees who work for Secure Horizons, the plan's Medicare health maintenance organization, which is shrinking in numbers of members and doctors.
With Tufts and other plans raising health insurance premiums in the double digits annually, Rosen said executives are...
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