Blue Cross lays off 30 employees, reports $115M loss in FY 2024

PROVIDENCE – After reporting a $115 million net loss in fiscal year 2024, Blue Cross & Blue Shield of Rhode Island announced plans to lay off 30 employees Wednesday. The insurer said its health care costs rose almost 20% in the past 18 months. Also, pharmacy costs for BCBSRI members rose 14% in 2024, while

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