While confirming the layoffs, the health insurer said it's looking to cut $285 million in administrative costs this year.

Rising health care costs have put Blue Cross Blue Shield of Michigan in ... financial issues driven by dramatic increases in drug and medical costs.” Health care costs have risen across the ...

Blue Cross Blue Shield of Michigan reported a hefty $1.03 billion loss in 2024 as rising costs in the ... year BCBSM has paid out with costs more in medical claims than its collected in premiums.

Concerns about rising costs are nothing new. WTW predicted last year that U.S. employers would see healthcare costs rise by 7 ...

Elevance, which operates Anthem brand Blue Cross ... is seeing rising costs, reporting that its benefit expense ratio, which is the percentage of premium revenue that goes toward medical costs ...

which Blue Cross VT was experiencing. In case you missed it: Health companies return $2.6 trillion to shareholders over time amid rising medical costs This week, George sent another open letter ...

Without proactive intervention, these rising costs ... facing medical pharmacy, Skai Blue Cross Blue Shield has developed a nuanced, whole-system approach that addresses cost drivers, streamlines ...

Kirk Vartan pays more than $2,000 a month for a high-deductible health insurance plan from Blue Shield on ... of premiums on medical care. Rising insurance costs are cutting deeper into family ...

Two Vermont health insurance companies are seeking higher premiums for plans bought on the state marketplace in 2026, requests that come amid rapidly rising health care costs statewide.

("Blue Cross CEO saw pay cut to $15.7M amid jump in medical, pharmacy claims," Detroit ... incongruent with lower hospital costs, as unions tend to negotiate more generous benefits (“And if ...