Colorado Access cuts Medicare coverage, workforce [View all]

Health insurance provider Colorado Access is axing Medicare coverage for the coming year, leaving about 5,500 senior and disabled customers in search of alternatives.

The Denver-based nonprofit also will let go 83 employees who worked for Colorado Access Medicare and its subsidiary Access Health Colorado, chief operating officer Matt Case said. An additional 40 openings will go unfilled.

Colorado Access also has drawn down administrative expenses and cut the salaries of its executive teams, he said.

"While it's never easy to exit a business and wind things down and, especially, to affect people's jobs," Case said. "In our case it was absolutely necessary."

Read the rest at: http://www.denverpost.com/business/ci_28909423/colorado-access-cuts-medicare-coverage-workforce