Major Philadelphia-Area Health Insurer Ups Minimum Wage to $16 - NBC 10 Philadelphia

Major Philadelphia-Area Health Insurer Ups Minimum Wage to $16

    processing...

    NEWSLETTERS

    Major Philadelphia-Area Health Insurer Ups Minimum Wage to $16
    Philadelphia Business Journal

    Aetna is increasing the minimum base hourly wage for about 5,700 workers to $16 per hour.

    The Connecticut-based managed care company, which is the Philadelphia region's second largest health insurer behind only Independence Blue Cross, said the hike will mean an average pay increase of 11 percent for those making below that hourly wage. For some employees, the company said, the increase will be as much as 33 percent.

    Aetna (NYSE: AET) spokesman Walt Cherniak said the change will improve pay for about 80 company employees in the Blue Bell area, another 80 in Allentown, Pa., and a total of 450 workers in Pennsylvania.

    The increase will become effective April 6.

    Read full story here.


    For more business news, head to PBJ.com