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In April 2016, the company announced it was pulling out of all but a "handful" of state healthcare exchanges provided under Affordable Care Act and will continue to sell only in three states in 2017. [44] [45] In 2017, UnitedHealth's Optum unit acquired Rally Health, [46] a company started by Audax Health's executives. [47]
Optum was formed as a subsidiary of UnitedHealth Group in 2011 by merging UnitedHealth Group’s existing pharmacy and care delivery services into the single Optum brand, comprising three main businesses: OptumHealth, OptumInsight and OptumRx. [2] In 2017, Optum accounted for 44 percent of UnitedHealth Group's profits. [3]
The Worker Adjustment and Retraining Notification Act of 1988 (the "WARN Act") is a U.S. labor law that protects employees, their families, and communities by requiring most employers with 100 or more employees to provide notification 60 calendar days in advance of planned closings and mass layoffs of employees. [1]
Despite the Sacramento region tech layoffs, the impact hasn’t been great on the area because tech jobs only account for a small number of the 1.1 million jobs in the region, said Will Austin ...
Number of jobs cut since recession began: 13,715 Slow sales in 2008 caused 10,000 layoffs in early 2009. The fact that the firm's flagship Dreamliner 787 delivery has been delayed half a dozen ...
In December 2018, Change Healthcare acquired the intellectual property and other key assets, including employees, of Charleston-based healthcare IT startup PokitDok. [ 36 ] In January 2021, UnitedHealth Group 's Optum Insight unit agreed to acquire Change Healthcare in a deal valued at $13 billion, including assuming $5 billion of the latter's ...
GEICO has stopped selling polices through insurance offices or by the phone in California. ... The closures are resulting in more than 35 layoffs in the Sacramento area and hundreds statewide ...
Federal Employees Health Benefits Program (FEHBP) Indian Health Service (IHS) Medicaid / State Health Insurance Assistance Program (SHIP) Medicare; Prescription Assistance (SPAP) Military Health System (MHS) / Tricare; Children's Health Insurance Program (CHIP) Program of All-Inclusive Care for the Elderly (PACE) Veterans Health Administration ...