Blue Cross Blue Shield of Michigan Cuts Jobs and demand higher health insurance rates

Blue Cross Blue Shield of Michigan Cuts Jobs and demand higher health insurance rates -

In some insurance bad new disease, Blue Cross Blue Shield of Michigan recently announced that they will significantly reduce the cost of expenses, reduce as far as 1,000 jobs, and ask the state to increase premiums for their health insurance plans individual.

According to a Detroit Free Press article, BCBS of Michigan will Axing 400 jobs over the next three months. The parent company BCBS of Michigan and is a subsidiary HMO, Blue Care Network.

The rate increases will be in non-group health insurance plans, plans of Medicare Supplement, and group conversion plans that extend group coverage for employees after they leave their jobs.

the largest insurer of Michigan will also cut funding for community programs, advertising / marketing costs, and the costs of social event.

Together, BCBS of Michigan plans to save between $ 300 and $ 400 million, wrote the Free Press.

there was a cold winter here in the Midwest, and it does look colder ...

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