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WPS Health Insurance to cut 175 jobs

MADISON, WI (WTAQ) - WPS Health Insurance says it will eliminate 175 jobs over the next year.

The company says it’s ending a state insurance plan for high-risk patients, known as the Health Insurance Risk-Sharing Plan, because the federal health exchange offers a similar coverage.

Despite the cuts, a spokesperson says WPS still insures about 159,000 people and are poised for future growth with plans for new products.

The company has about 2,900 employees, including 2,100 in Madison.

The job cuts include 95 by the end of this year.

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