BlueCross BlueShield Announces Plans To Eliminate 100 Jobs

Wednesday, October 03, 2012

BlueCross BlueShield of Tennessee announced Wednesday that it will eliminate approximately 100 positions, or 2 percent of its current workforce across the state, in a cost-cutting measure. An additional 100 vacant positions will remain unfilled for 2013.

The eliminated positions range from jobs in the company’s operations center to posts in executive management. In total, 25 percent of affected positions are at the management level.

“Our sincere hope was to cut costs without impacting people, but this was a tough decision that we could not avoid,” said Bill Gracey, CEO-elect for BlueCross. “The health insurance industry is undergoing tremendous changes. It is growing more competitive by the day, and we are facing unprecedented challenges that require us to operate more efficiently.”

Those challenges include the Affordable Care Act’s medical loss ratio (MLR) restriction and new $200-million-plus annual excise tax that BlueCross will have to pay starting in 2014.

According to Mr. Gracey, BlueCross has responded by engaging in many initiatives to streamline processes, to innovate and find more efficient ways to fulfill its mission to its members, but these efforts have not been enough.

“Customers have to be able to afford our products, and we have to be able to operate within the new spending limits established by reform,” Mr. Gracey added. “We strongly believe we have a responsibility to operate more efficiently and control costs. All of the steps we’re taking are a necessary part of making BlueCross a stronger company, one that is better positioned to serve our members for years to come.”


Latest Hamilton County Jail Booking Report - And Mug Shots

Here is the latest jail booking report from Hamilton County: ANDERSON, CARLISHA DENISE 2558 4TH AVE UNIT 2 CHATTANOOGA, 37404 23 Chattanooga ATTEMPTED FIRST DEGREE MURDER AGGRAVATED ASSAULT AUSTIN, ASHLEY MESHELLE 2004 E 13TH ST APT A CHATTANOOGA, 37404 23 Chattanooga REGISTRATION, DRIVING UNREGISTERED VEHICLE LIGHT LAW VIOLATION STOP SIGN VIOLATION ... (click for more)

Bradley County SPCA Board Addresses Allegations Of Unanswered Calls

During a Monday afternoon Bradley County Commission meeting, a representative from the sheriff's department said that there were 266 emergency calls unanswered by the SPCA regarding animals. Later Monday evening, the SPCA Board addressed the allegations. SPCA Board President Ed Elkins said, "No one from the SPCA Board had heard about this." President Elkins also pointed ... (click for more)

Chattanooga Has Lost Its Most Popular Citizen - Luther Masingill

Chattanooga has lost its most popular citizen – Luther Masingill. Although we are saddened we cherish the memories.  All of us have a Luther story.  Mine is the first time I met Luther.  This was before TV and all of Chattanooga listened to Luther on the radio.  I was 12-years-old.  Some of my buddies and I had gone to the State Theater in downtown ... (click for more)

Roy Exum: An Election Day Fable

Every day I am peppered with emails that friends send to me from across the country so I am unsure of where the fable you are about to read originated. But with early voting for the November general election now in full swing, I think everyone who will -- or will not -- take part in freedom’s greatest privilege should read this story because I believe there is a great lesson contained ... (click for more)

Tennessee Wastes No Time Shifting Attention To Alabama

KNOXVILLE, Tenn. – L ittle time had passed following Tennessee's 34-3 loss to Ole Miss on Saturday night before the challenge that lies ahead this week crossed the mind of the UT staff. In past years, a loss of that type could have had a lasting impact on the psyche of the team. But  Tennessee coach Butch Jones   still sees his team progressing, both mentally ... (click for more)

Ooltewah's Riley Hickman: 2-for-2 Wins At Cleveland And Talladega

The “Hustler” Riley Hickman of Ooltewah hunkered down this weekend and picked up a pair of wins in Dirt Track competition. Friday night the # R1 “Hickman Manufacturing, American Billett, Austin Trucking, Tucker Mobile Home Service, Allstar Graphics, VP Racing Fuels, RH Designs, Competition Racing Equipment, A-1 Towing, MRC” sponsored CVR / Vic Hill powered machine ... (click for more)