Under ObamaCare, WPS Insurance to Cut 175 Jobs
City-Times Staff
WPS Health Insurance has announced it will cut 175 jobs over the next year.
The Madison- based company says it will end its state insurance plan for high-risk patients, known as the Health Insurance Risk-Sharing Plan, because the federal health exchange offers a similar coverage.
A spokesperson for the company says WPS still insures about 160,000 people and plans to offer new insurance products in the future. The company has about 2,900 employees.