Blue Cross Blue Shield of Michigan is relocating the headquarters of subsidiary Blue Care Network, moving 500 employees from its Southfield, Mich., campus to Detroit, the Detroit Free-Press reported March 3.
Workforce
Friday Health Plans will lay off 98 workers in Alamosa and Denver, Colo., on April 30.
16 payers have been recognized among "America's Greatest Workplaces 2023 for Diversity" from Newsweek.
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.
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.
