Health insurance giant Cigna Corp. is threatening to leave DE and lay off 500 people if the state won’t exempt them from new rules for their international insurance business resulting from last year’s federal health care law.
This on the heels of DE giving them a $2.4 million in grants to keep those employees in DE and to add to the staff here. To add insult the injury if DE gives the exemption it will only aid Cigna in their international business, jobs overseas, nothing to help workers in this country.
The company crys the new rules require insurance companies to spend at least 80 cents of every premium dollar on actual healthcare, rather than marking expenses, commissions or profits. Another words screw the insured, more profits for Cigna.
If doing business overseas is so costly, stay the hell out of those countries and spend that money in this country. Never happen, because these multi-national corporations are usually exempt from paying taxes in those countries and the US.
My readers wonder why I am so against large corporations; GREED and screw the worker.