Overview
- The offer targets employees 55 or older with at least 10 years of service, covering about 18% of the 4,200-person workforce in the insurer’s first buyout since the late 1980s.
- The company has not disclosed package details or a participation target and says no layoffs are planned.
- Leadership is also reevaluating real estate, cutting administrative expenses, and renegotiating vendor contracts after directing every division to curb non‑essential spending.
- UnitedHealthcare’s operating earnings fell to about $2.1 billion in the second quarter from $4 billion a year earlier, with margins sliding to 2.4% from 5.4%.
- Massachusetts health spending rose 8.6% in 2023 to more than $78 billion, and recent notices at Mass General Brigham and Beth Israel Lahey mean some Blue Cross and UnitedHealthcare Medicare Advantage members will pay more to keep their primary care doctors.