Arkansas Blue Cross & Blue Shield (ABCBS) recently announced layoffs for 75 employees, according to an article in Arkansas Business.
Read more below.
The nonprofit health insurance provider reported a net loss of over $100 million in the first three quarters of 2024, a significant decrease from 2023. The company has also seen a substantial decrease in its member base, losing tens of thousands of members due to the state’s disenrollment of over 400,000 individuals from Medicaid in 2023. Despite these financial hurdles, company officials indicate it maintains a strong balance sheet and liquidity position.
Read the full article at Arkansas Business.