Insurers Seek Health Law Exemption For Plans Sold To Americans Overseas
Bloomberg: Insurers Threaten 1,100 Jobs In Push For Health-Law Relief
Four health insurers led by Cigna Corp. (CI) have asked the Obama administration to exempt medical plans they sell to Americans overseas from the 2010 health law, saying a denial may imperil about 1,100 U.S. jobs. The threat to move management of the plans to offshore locations is outlined in a Sept. 15 letter to Health and Human Services Secretary Kathleen Sebelius signed by 15 members of Congress. In the letter, obtained by Bloomberg, the lawmakers urge quick action to save the jobs. Almost half the firings may be at Cigna's international unit in Claymont, Delaware, said a person familiar with the talks who asked not to be identified because they are private (Wechsler, 11/16).