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Delaware Cigna Corp. Threatening Massive Layoffs If Not Exempt From New Federal Health Care Laws

WILMINGTON, Del. (AP) — Delaware officials say health insurance company Cigna Corp. is threatening 500 layoffs in the state to press for an exemption from new rules in the federal health care law.

Delaware Gov. Jack Markell’s administration says it’s working on a fix for Philadelphia-based Cigna. The threat comes months after Markell’s administration provided $2.4 million in grants to keep those Cigna employees in Delaware.

Cigna is trying to protect its business that sells insurance policies to businesses with employees based overseas. The company argues the international business should be exempted from new rules that require insurance companies to spend at least 80 cents of every premium dollar on health care, rather than marketing or profits.

Cigna says its administrative costs to market international plans are higher. It is seeking a permanent exemption.

(© Copyright 2011 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

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One Comment

  1. bottomline says:

    20% markup times millions of millions of dollars. Oh Gosh! Poor Cigna – take heart! There are plenty of good used Fords available, like your insured cash minions happily drive.
    Sorry about the employee’s loosing their jobs.

  2. Somerdale Dave says:

    Cigna is trying to hold a gun to our heads. I say they should point it at themselves and pull the trigger.

  3. Noah Bloodworth says:

    @Frank Why attack Lisa with unrelated facts? Pelosi didn’t say she would fire 500 Americans if she didn’t get her way, Cigna did, If you want to support their greed, go ahead and buy from them. I’ll save my money for companies that support America. I’d also would like to see some Wall Street and Bankers leave at the same time. Absolute ignorance is a reflection in your bathroom mirror

    1. Scott says:

      ABSOLUTE IGNORANCE is signing something into law AND THEN reading it. It is STUPID beyond belief. Would YOU sign ANYTHING without reading it? IF SO, I have a contract for the purchase of a bridge I’d like you to sign. Never mind reading it, just sign & start sending money.

  4. Frank says:

    We have to pass the bill so that we can learn what is in the bill – Princess Pelosi

    In other news, Liza? Your absolute ignorance is showing…..

    1. grumpy says:

      Frank, What the h3ll does Pelosi have to do with Cigna? Remember your “I’m not a witch” candidate?

  5. Guess Who says:

    Obon go and Botoxi are really creating jobs, aren’t they?

    Throw the whole bunch out in 2012.

  6. Liza says:

    Here we go again with big business going to “take their ball and go home”.. Despicable. Bunch of spoiled, greedy babies.

    1. denny says:

      Yeah how dare they try and turn a profir for their shareholders and our 401k’s…

      1. grumpy says:

        Cigna is a giant sponge! They make huge profits. Ask them to show you their books…..ha ha ha…………NOT

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