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September 27, 2007

Blue Cross & Blue Shield of R.I. is cutting staff

Blue Cross & Blue Shield of Rhode Island said today it is cutting staff and eliminating "several programs and functions" to lower its operating expenses.

In a statement, the nonprofit corporation said it's "under increasing competitive pressure to provide high-quality health insurance for less. To retain our market share and to ensure the long-term viability and success of the company -- we must operate at the lowest reasonable cost."

The statement made no mention of how many staff members are being cut or which programs.

"Out of respect and sensitivity to those individuals who are directly impacted, it would be inappropriate for us to provide any more information," the statement says. "We are making every effort to treat those individuals with the dignity and respect they deserve."

-- projo.com staff writer Michael P. McKinney

Posted by Mike McKinney  at 1:35 PM | Permalink

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MARK | September 27, 2007 3:34 PM link

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