WellPoint to cut 1,500 jobs

The sick economy is now infecting the nation's largest health insurance company, as Indianapolis-based WellPoint says cutting 1,500 jobs is the best way to streamline its staff of 42,000. It means eliminating 900 open positions and laying off 600 workers. While WellPoint won't provide specifics publicly, cuts are expected in the 14 states where WellPoint manages Blue Cross plans.