BlueCross BlueShield of Tennessee was ranked fourth overall in Forbes' ranking of the top 500 large employers in America, and Excellus BlueCross BlueShield was ranked second among midsize employers.
Workforce
These are five insurance layoffs reported by Becker's since Jan. 1:
Blue Cross and Blue Shield of Minnesota laid off around 80 employees Feb. 9, the Star Tribune reported Feb. 13.
Payers are investing in educational programs to bolster their own workforces and train new healthcare professionals.
Sana, a startup payer focused on small-businesses, is laying off 19 percent of its workforce.
Some payers are instituting layoffs, while others are hiring more staff.
Alphabet, the parent company of Google, saw its medical stop-loss insurance business grow "nearly sixfold" last year, tech news site The Verge reported Feb. 2.
Burnout in the healthcare workforce isn't going away, but some payers are finding ways to help.
Blue Cross Blue Shield of North Carolina is sponsoring an insurance pre-licensing academy as part of the payer's efforts to create a more diverse workforce in the insurance industry.
Bright Health is implementing another round of layoffs, the Minneapolis/St. Paul Business Journal reported Feb. 1.
