Posted on 08/26/2010 10:13:56 AM PDT by Nachum
HealthMarkets, the North Richland Hills-based seller of health insurance, laid off 70 employees this month and expects to trim 180 more positions by the end of the first quarter of 2011, according to a recent federal filing.
In the Securities and Exchange Commission filing, HealthMarkets blamed the layoffs on "dropping enrollment levels experienced by the company's insurance subsidiaries," along with national healthcare reform and "related legislative developments."
HealthMarkets provides insurance plans to the self-employed, individuals and small businesses.
The filing did not disclose where the Aug. 10 layoffs occurred, and the company declined to comment further.
(Excerpt) Read more at star-telegram.com ...
Where was the unexpected adverb? Just sayin. Why buy what is free?
For all the new jobless employees, I hope you find new employment quick.....for every new jobless employee who voted for Obama, I hope that Hope/Change thing works out for you, because you got what you deserved..
For all the new jobless employees, I hope you find new employment quick.....for every new jobless employee who voted for Obama, I hope that Hope/Change thing works out for you, because you got what you deserved..
Yep!
In the UK the laid off are referred to as “redundant.” Maybe instead of laid off, we should say “hopenchanged.”
“Yeah Fred, I got hopenchanged down at the plant today.”
“GM plans to hopenchange 650 from it’s Michigan plant.”
“Hopenchange is at a year high 10.3% this week. Minorities, women and children hit hardest.”
Even Ft. Worth, Tx is not immune from the deleterious effects of ObamaCare. ‘Chains we can’t be free in’.
Future headline?
100,000 seniors were Hopenchange’d when they were denied their life saving drugs...
I have a relative that works for HealthMarkets. In addition to all the jobs cut in TX, their 4000 sales agents nationwide are taking a 30-50% pay cut. Apparently they aren’t the only ones; this is an industry-wide issue.
As a guy in the insurance business, I’d be willing to bet most of those folks who got canned were conservative. Just from experience and just an unscientific opinion.
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