Thread regarding Humana Inc. layoffs

Hi Page WellBeing Article-GLARING GAP

Not sure if anyone checked out Hi Page Well Being article, but there was a section on Security. Strangely, it did not mention the devastating effects layoffs have on remaining associates and the impacted. I challenge Humana to include that data, so as not to be HUGE HIPPOCRITES. Here is some information they can include in the WellBeing Article.

"LAYOFFS LITERALLY KILL PEOPLE. In the United States, when you lose your job, you lose your health insurance, unless you can afford to temporarily maintain it under the pricey COBRA provisions. Studies consistently show a connection between not having health insurance and individual mortality rates. Other data demonstrate that even fairly brief interruptions in health-care coverage lead people to skip diagnostic screening tests such as mammograms and colonoscopies.

When people lose their jobs, they get angry and depressed—not a big surprise. Angry and depressed people who believe they have been treated unfairly can lose psychological control and exact vengeance on those they deem responsible. We have all seen too-frequent cable-news coverage of the fired employee who returns to the workplace with a gun and wounds or kills people. It's not just the occasional anecdote. Research shows that people who had no history of violent behavior were six times more likely to exhibit violent behavior after a layoff than similar people who remained employed.

And some research has looked directly at the health consequences of losing one's job or being unemployed on mortality. A study in New Zealand found that for people 25 to 64 years old, being unemployed increased the likelihood of committing suicide by 2.5 times. When two meat-processing plants closed in New Zealand, epidemiologists followed what happened to their employees over an eight-year period. The odds of self-harm and the rate of admission to hospitals for mental-health problems increased significantly compared with people who remained employed. A recent National Bureau of Economic Research working paper reported that in the United States, job displacement led to a 15 to 20 percent increase in death rates during the following 20 years, implying a loss in life expectancy of 1.5 years for an employee who loses his job at the age of 40. Even in societies with strong social-welfare provisions, job loss is traumatic. A study of plant closures in Sweden reported a 44 percent increase in the mortality risk among men during the first four years following the loss of work."

by
| 1640 views | | 13 replies (last ) | Reply
Post ID: @OP+McxYULg

13 replies (most recent on top)

I especially love the part on the new Hi! Page that offers financial counseling to people. That is no less than amusing.

by
| | Reply
Post ID: @9yda+McxYULg

Hey "I've been reading these posts for a few weeks........." poster, are you serious? Can you not see that people are really hurting here? Yes. there are hidden agendas. Higher ups cashed out their stocks and now they are boogying down the road. It's every man for themselves. If the average Humana laid off employee, and I am not sure of the exact numbers but we will use 50K annually as an example, is given 2 months to work (with lower than normal production), 2 months of severence pay and their 1 week of PTO (these could all vary but this is a good starting point on what may be average), That's $12500 dollars per employee that is laid off, Multiply that by the 600 that were already laid off, that's 7.5 million dollars. If you double or triple that by laying off more employees, That's a lot of money. That's nearly 3/4 of a year of the CEOs annual salary. I know the execs cashed in 74 million dollars worth of stocks but that was not because they didn't believe in Humana, they needed to feed their families. They are probably just resigning because they have been neglecting their families and need some family time. It has nothing to do with "cashing out", that was because they couldn't do it because of the Aetna merger, remember? Yes. there are hidden agendas. Yes, people really do hurt and no, 5 EAP visits (with people you no longer trust) are not going to cure all of these peoples woes. Perhaps you should sign up for one of the new exec positions since you just minimalized everyone's frustration. Thanks.

by
| | Reply
Post ID: @9hct+McxYULg

Post ID: @McxYULg Welcome to the blog, if you know Humana employees, help us get the word out about this Blog, it is popular, but it needs to be massive. Sorry Humana ruined your job.

by
| | Reply
Post ID: @2oif+McxYULg

I worked for Employers Health in DePere WI in the late 80's. It was a great place to work. Then they were bought by Humana. First thing to go were the jobs in the print department. Then computer operations were moved to Louisville. No longer a nice place to work - I left a year later.

by
| | Reply
Post ID: @2ymy+McxYULg

As we say in the south, well bless your heart. Whatever they may say or do, no business cares about you more than the money. When the cash is good enjoy the perks and money love. When it goes bad, watch the heads roll. Don't ever get too comfy at a job, especially not in healthcare. HAH had a good run and all signs point to it being over, or it being a 'survivor challenge' for the forseeable future.

by
| | Reply
Post ID: @1lxe+McxYULg

I hear what you are saying. Since the announcement on Feb 1, I have been feeling deflated and discouraged. Applying for jobs is exhausting. But hang in there. I think most of us will look back on this one year from now and smile we made it through. After work I usually just feel like going to bed, but I push myself to stay active. Try going to church more (if that's your thing) or volunteering. Admittedly this is a huge blow to our families, finances and ego. Cut non essentials out (like cable, dance class, etc until re-employed. We'll make it. All the best.

by
| | Reply
Post ID: @emo+McxYULg

I worked for Humana about 10 years ago....a fellow employee's brother worked there and was laid off. His position was outsourced to India. He committed suicide. She said he felt helpless because he couldn't care for his family. Ironically a few years later the same positions outsourced to India were brought back to Louisville....It does happen and it is so, so sad.

by
| | Reply
Post ID: @nql+McxYULg

Oh no. I know this is a tough time but please don't let Humana take your life away. Your family would be devastated. Think of all the life events your family will go through and will always be thinking about you not being there to share with them because of money. This is a hard time but you are worth more than lump sum of money. I have friends who have lost a family member to suicide and they are always haunted by why the person took their life ....Just FYI life insurance does not pay if suicide is suspected

by
| | Reply
Post ID: @sje+McxYULg

Hang in there. I was let go once for being a whistle blower. It was devastating and made me questions my worth. I lost my condo and was without health insurance for awhile. Applying for jobs s---s so much, especially feeling the constant rejection. But, things got better and returned to being stable. Your family needs you. It can be hard to see the way out, but don't give up hope.

by
| | Reply
Post ID: @acv+McxYULg

I couldn't agree more with your post. I've never been laid off before and it has really impacted me in ways I never expected. I've tried to stay upbeat and positive but as time passes on and nothing comes of theses applications and job interviews my emotional state sinks lower and lower. On more than one occasion I've truly considered that my family would be better off with my life insurance before I lose that too.

by
| | Reply
Post ID: @gkl+McxYULg

If Humana wants to be preachy and set the standard for Well Being, they need to walk the walk and not talk the talk. Otherwise, they can shut it about Wellbeing and say be honest that they are just out to make money.

by
| | Reply
Post ID: @gmh+McxYULg

Layoffs should be a last resort. The fact that they are a normal and acceptable part of a business model is criminal. Humana could re-train people in other positions. Layoffs are possible anywhere, but they are much easier in this country than in most other first world nations. Start researching Australia or European countries and all of the benefits and protections their workers have. EAP gives you 5 counseling sessions. So, counseling for a month. What about if you need medication, or a psychiatrist, or ongoing care? COBRA is crazy expensive. Humana is doing a token package to address concerns. Yes, there are other jobs, but the benefits packages and pay are getting worse. The middle class is shrinking and most households needs both parents working to support it. While the job market has rebounded, wages have not. Not for lack of money in the country, but it is all going to greedy people at the top. If Humana can abandon us in good economic times, they will absolutely do it in bad times too, when it will be far more difficult to be re-employed. Try surviving on their token package when unemployment is high. To accept that Humana behavior is ok and normal is extremely dangerousto all of us and all of our children and grandchildren.

by
| | Reply
Post ID: @hcu+McxYULg

I've been reading these posts for a few weeks, some I agree with, some I don't, but yours is the one that is causing me to respond. Yes, layoffs have impact on mental health and financial health, self esteem and other secondary issues....but, come on....there is EAP, there is severance. Humana is aware of the ripple effect and is trying to provide support to address those concerns. Layoffs are possible anywhere, especially in health care with all the changes. You found the Humana job, have you had other jobs? Will you have other jobs? Do I agree with how the layoffs are happening? The hidden agendas that get trickled down? The metrics? No. But, we were given 2 months to find a job, we get our PTO, and we have EAP for counseling support....that's better than some places that pink slip you on a Friday to not return and you get two weeks pay

by
| | Reply
Post ID: @nrm+McxYULg

Post a reply

: