Capital BlueCross and its subsidiaries eliminated 182 positions March 31, the latest step in its effort to lower operating costs and improve its efficiency, and a sign its technology improvements are paying off, the company said.
An association representing the ambulance and medical transportation industry in Pennsylvania has filed a federal lawsuit against the Blue Cross Blue Shield insurers in the state over practices they say cost them millions over the last four years.
As a direct result of the Patient Protection and Affordable Care Act (PPACA) – also known as ObamaCare – health insurance agent and broker commissions have been slashed by as much as 50%. Agencies have been forced to lay off employees, limit products and services, shift to other lines, and have seen significant drops in compensation.