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Up to speed: Aetna plans to raise wages, improve health offerings for lowest-paid employees (Video)
Sacramento Business Journal

The health insurer Aetna plans to raise its company wage floor to $16 per hour, which will increase the pay for about 12 percent of its U.S. workers, according to a report by the Wall Street Journal. Those employees, who mainly work in customer service or billing, also will have their health-care costs cut sometime next year, the report said.

CEO Mark Bertolini cast the moves as a bid to remain competitive with other insurers, and was quoted in the report saying that Aetna (NYSE: AET) needs “a better and more informed workforce.” Bertolini went on to tell the WSJ that as the nation’s economy continues to improve, he expects the workers who tend to populate those jobs to have many more options, and so this is a preemptive move to keep them.