Wage in­creases re­flect em­ployer trend

Modern Healthcare - - LATE NEWS - —Bob Her­man

Tufts Health Plan, a Water­town, Mass.-based health in­surer with more than 1 mil­lion mem­bers, an­nounced last week that it will pay all its em­ploy­ees at least $15 an hour, retroac­tive to May 24. That’s $6 an hour above Mas­sachusetts’ min­i­mum wage.

“Of­fer­ing an eq­ui­table wage pos­i­tively im­pacts the fi­nan­cial se­cu­rity of many of our work­ers im­me­di­ately,” Ly­dia Greene, the health plan’s vice pres­i­dent of hu­man re­sources, said in a news re­lease. The in­surer has 2,400 em­ploy­ees. Of­fi­cials said be­cause Tufts al­ready had a high wage floor of $14 an hour, the latest de­ci­sion will af­fect only about 1% of its em­ploy­ees.

Tufts joins a grow­ing list of big-box re­tail­ers and healthcare com­pa­nies rais­ing wages. In Jan­uary, health in­surer Aetna an­nounced all Aetna em­ploy­ees would earn at least $16 an hour. Last month, As­cen­sion Health lifted its wage floor to $11 an hour, a move that will ben­e­fit 10,500 of the health sys­tem’s em­ploy­ees.

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