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elevance health lays off 123 employees amid declining medicare advantage ratings

Elevance Health is laying off 123 employees in California, with 64 at a Carelon office in Cerritos and 59 at Anthem Blue Cross in Woodland Hills, as part of permanent job cuts linked to declining Medicare Advantage Star Ratings and a 22.5% drop in Q3 net income. The layoffs follow a challenging earnings call where CEO Gail Boudreaux discussed the impact of lower ratings on the company's performance. Additionally, UnitedHealth Group's Optum announced 524 layoffs across California, primarily affecting urgent care facilities.
healthcarefinancenews.com
Optum Bank Inc. UnitedHealth Group Incorporated Anthem Blue Cross Life AND Health Insurance Company CORPORATION USA Dean Mitchell Gail Boudreaux Show more
Healthcare, News Article
16:20 23.10.2024

us healthcare system ranks last in access equity and outcomes

The U.S. healthcare system ranks last among 10 countries in access, equity, and outcomes, despite spending over 16% of its GDP on healthcare. Key issues include high costs, a fragmented insurance system, and significant numbers of uninsured and underinsured individuals, leading to poor health outcomes and limited access to care. Recommendations for improvement include extending coverage to the uninsured, reducing administrative complexity, and investing in public health.
Healthcare Finance News
Himss Commonwealth Fund DEU SWE GBR CHE USA NLD Dean Mitchell Show more
Healthcare, News Article
17:11 17.10.2024
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