MVP to cut 100 positions throughout state

SCHENECTADY,
N.Y. — MVP Health Care announced today that it is eliminating approximately 100
positions across the state.

The
company says the cuts are part of an ongoing effort to improve efficiency, and
to retain its ability to provide excellent and affordable health coverage in
the wake of health care reform. MVP expects to eliminate positions in the next
few days through attrition and some layoffs, and by leaving some job vacancies
unfilled.

“We have
to keep our health plans affordable in a very competitive marketplace. The
health insurance industry is going through a time of unprecedented change, and
we need a streamlined and nimble organization to stay ahead of the curve,” explained
Denise Gonick, President and CEO of MVP.”Still, knowing the reality of the
situation doesn't make it any easier to say goodbye to the people who will be
affected by this restructuring.”

Affected
employees will receive severance pay and benefits. Employees will be encouraged
to apply for other positions within MVP, and the organization has engaged the
national firm Lee Hecht Harrison to provide outplacement assistance. MVP employs
1,500 people, most of who work at the company's main office in Schenectady or
at its Rochester, NY site.

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