HealthPartners eliminating 75 jobs amid Medicare revenue decline

Citing decreased Medicare revenue, HealthPartners is cutting about 75 jobs, according to the Star Tribune.

HealthPartners told the newspaper that the Bloomington, Minn.-based health insurer and hospital operator lost revenue this year after a federal law eliminated Medicare cost health plans across much of Minnesota. 

The law mandated that Medicare cost health plans — Medicare plans that cover costs not covered under the original Medicare program — be eliminated in certain counties starting this year.

"The market dynamics of the Medicare cost transition are important here, affecting [insurance] plan and care system revenue," Vince Rivard, a HealthPartners spokesperson, told the Star Tribune. "It's not just us, it's the entire market."

The job cuts at HealthPartners reportedly affect areas including information services and technology.

On Nov. 7, HealthPartners announced it will close retail pharmacies and shut down its mail-order pharmacy operations next year. The move will result in about 300 people losing their jobs, including 100 pharmacists.

 

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