Connect with us

Arkansas

Arkansas Blue Cross & Blue Shield Lays Off About 75 Workers, Reports $100M Loss

Published

on

Arkansas Blue Cross & Blue Shield Lays Off About 75 Workers, Reports 0M Loss


Arkansas Blue Cross & Blue Shield sent layoff notices to 2% of its workforce — about 75 employees — on Thursday after reporting a loss of more than $100 million in the first three quarters of 2024, the state’s dominant health insurance carrier confirmed.

The Little Rock nonprofit had 3,375 employees as of April 2024, and its $3.14 billion in 2023 revenue put it at the top of Arkansas Business‘ most recent list of the state’s largest private companies. 

But revenue in the first three quarters of 2024 was down by almost 7%, and the company (officially USAble Mutual) reported to the Arkansas Insurance Department a net loss of $100.5 million for those nine months. That compares with net income of $94.7 million for the same period in 2023, although the year finished with net income of just $13.2 million.

“The reduction in workforce was due to changing conditions in the market and increasing financial pressures primarily due to health care costs jumping to the highest levels in more than a decade,” Max Greenwood, an ABCBS spokeswoman, said in response to email questions Thursday afternoon. 

ABCBS also has seen “large increases” in the use of all medical services, especially prescription drugs.

Advertisement

“These situations have caused necessary shifts in business strategy across the health care and health care insurance industries,” she said.

In addition, the insurance company lost tens of thousands of members as result of the state’s disenrollment of tens people on Medicaid in 2023. 

As part of the Obama-era Medicaid expansion, the state pays private insurers to provide health insurance policies to qualifying Arkansans under the Arkansas Health & Opportunity for Me program, or ARHOME. This program had been known as the “private option” and Arkansas Works.

In January 2023, ABCBS had about 207,000 ARHome members. By December 2024, it was  down to 108,729, Greenwood said. 

“We’ve also seen a drastic increase in the claims amounts among our ARHome population,” she said. “Remember, since we were the first company who offered ARHome policies statewide when the program began, our block of members in that program is older and most likely unhealthier than what other carriers may be experiencing.”

Advertisement

ABCBS’ premium revenue fell during the first three quarters of 2024. It reported $2.2 billion premiums collected net of reinsurance through Sept. 30, a 4.8% drop from the same period in 2023.

The insurance company’s total members also fell from 630,444 on Dec. 31, 2023, to 598,492 on Sept. 30. The biggest drop came from its comprehensive individual plan. In that group, the total members fell nearly 17% to 132,596 members. 

ABCBS also laid off 85 employees in January 2024. Those positions have not been refilled, Greenwood said.

She said it was too early to tell what the financial numbers will look like for the fourth quarter, which ended Dec. 31. No additional layoffs are planned at this time.

“Every executive vice president was asked to make reductions in their areas,” she said. 

Advertisement

Greenwood said the insurance company has made several other budget-tightening moves for 2025. “We’ve reduced our budget by more than 7% including cuts to consulting and outside vendor costs, contract labor, software and equipment and facility costs,” she said. “We’ve also had to implement substantial premium increases on our small and large groups.”

Greenwood said the company has a strong balance sheet and has no concerns about its liquidity.   

Founded in 1948, Arkansas Blue Cross & Blue Shield offers health and dental insurance policies for individuals and families. 

 

Advertisement



Source link

Arkansas

Brother of North Little Rock mayor winner of record $1.8 billion Powerball Jackpot

Published

on

Brother of North Little Rock mayor winner of record .8 billion Powerball Jackpot


NORTH LITTLE ROCK, Ark. —The identity of the winner of Arkansas’ record-setting $1.8 billion Powerball jackpot has now been confirmed through Arkansas Scholarship Lottery documents, revealing that the prize was claimed by Tracy Hartwick, the brother of North Little Rock Mayor Terry Hartwick.

Lottery records show Tracy Hartwick claimed the jackpot in January after purchasing the winning ticket in Cabot. After electing the lump-sum cash option and paying taxes, Hartwick received $565,873,785.82, according to the documents.

The records also show Hartwick signed paperwork to remain anonymous for six months after claiming the prize. Under Arkansas law, that is the maximum amount of time a lottery winner who is related to an elected official can remain anonymous before their identity becomes public.

According to the Arkansas Scholarship Lottery documents, Tracy Hartwick received 94 percent of the after-tax winnings. His brother, Timothy Allen Hartwick, received 3 percent, while another 3 percent was distributed to a third claimant whose name was redacted in the released records.

Advertisement

The Powerball jackpot, announced by the Arkansas Scholarship Lottery after the winning drawing in late December 2025, remains the largest lottery prize ever won in Arkansas.  The winning ticket was sold at a Murphy USA gas station in Cabot on 208 S. Rockwood Drive.

The revelation of the winner’s identity surprised many across Central Arkansas.

“That’s crazy news but you hear something crazy every day,” said Benjamin Britton.

Others said they understood why Hartwick chose to remain anonymous for as long as the law allowed.

“I think waiting over time and then thinking about it and then coming to claim it would be good,” said Ricky Rhodes.

Advertisement

The documents show Hartwick waited the full six-month anonymity period before his identity became public.

We reached out to the City of North Little Rock seeking comment from Mayor Terry Hartwick regarding the records. A city spokesperson said the mayor would not be providing interviews or commenting on the matter.

The newly released lottery documents provide the first official confirmation that the record-breaking Powerball prize claimed in Arkansas belongs to the mayor’s brother, ending months of speculation about the identity of the state’s biggest lottery winner.



Source link

Advertisement
Continue Reading

Arkansas

AGFC proposes WMA regulation | Arkansas Democrat Gazette

Published

on

AGFC proposes WMA regulation | Arkansas Democrat Gazette


To manage hunting traffic at St. Francis Sunken Lands Wildlife Management Area, the Arkansas Game and Fish Commission proposed a permit-only system for the lower portion of the WMA at its monthly committee meetings Wednesday at Little Rock.

The debate over the proposed regulation lasted about an hour. It passed 6-1, with Phillip Tappan of Little Rock dissenting. It’s the first split vote within the commission in years. Tappan did not oppose the idea as a whole or the reasoning behind it. He argued for a slightly different format.

Having passed out of committee, the proposal will be subject to a 30-day comment period, after which the commission will vote to approve or reject the proposal in August.

Advertisement

Randy Zellers, assistant chief of communications for the Arkansas Game and Fish Commission, said the proposal would establish permit-only waterfowl hunting on about 1,000-acres of tupelo and cypress forest along the St. Francis River. The 4.6-mile section is on the southernmost part of the WMA, which is more than 30 miles long. If the commission approves the regulation as currently worded, the permits will be awarded weekly through a random, online drawing. The format is similar to the one used at Steve N. Wilson Raft Creek WMA.

Doug Schoenrock, the Game and Fish Commission’s director, said the proposed regulation will create 20-25 public “markers” or hunting spots. A successful applicant may bring as many as three companions, with a maximum of four in a hunting party. A permit will be good for one day only. Schoenrock said this will eliminate one group of hunters monopolizing a hunting spot for multiple days.

There will also be a 150-yard buffer between the markers to avoid conflicts. Private landowners will not be required to have a permit to hunt on private land adjoining the WMA.

The most vigorous debate centered on whether hunting should be allowed for seven days or four days. Tappan advocated reserving four days per week for hunting and suspending hunting for three days to allow ducks to rest. The other six commissioners demurred, saying they did not want to reduce hunting opportunity. Tappan felt strongly enough about creating a rest period for ducks that he voted against the proposal.

Zellers said commissioners want to know if hunters prefer having rest days each week — Monday, Wednesday and Friday, which he said is consistent with other waterfowl hunting areas where hunting is allocated by permits only.

Advertisement

“Permits will be for marked locations within the unit.” Zellers said. “Permit winners will be able to bring three hunting companions on their designated hunt day. Permit winners and their guests must remain on public land within 150 yards of their designated location. The exact number of locations has not been finalized, but will be based on safety and consideration to distance from area boundaries and private land. Traditionally popular locations within the unit will be prioritized for inclusion in the draw.”

Hunters will be able to apply for a single day of the weekend, from Thursday through Sunday two weeks before the week they are applying for.

Knowing the agency’s tumultuous history with hunters in this area, commissioners were extremely cautious about the precise wording of this regulation. In 2012, the commission enraged local hunters in this area when it outlawed private duck blinds in the St. Francis Sunken Lands WMA. Private duck blinds had been long established when the commission, then under the leadership of the late director Loren Hitchcock, banned private property on the state-owned WMA. The action prompted multiple hearings within the Arkansas legislature.

The southernmost portion of the WMA is very popular for its excellent duck hunting. Overcrowding is a chronic issue, Schoenrock said. Separating hunters and allocating opportunity through a randomly-drawn permit system will alleviate overcrowding and provide a more enjoyable hunting experience.

“We’re making it safer and providing more opportunity for people to use it,” Schoenrock said. “The place has been like a Walmart parking lot. We’re talking about 4.6 miles of river on a 30-plus mile WMA. The rest of the WMA will be open seven days a week with no draw on a navigable waterway.”

Advertisement

Brad Carner, the AGFC’s deputy director, said the drawings will be held weekly, and the first application period will open two weeks before duck season. The drawings will be conducted on Monday mornings, and applicants will be notified by email about the status of their applications.

Despite concerns expressed by some non-hunters and non-anglers, the commission did not discuss its new regulation that requires non-hunters and non-anglers to purchase a $10.50 permit to use wildlife management areas. Zellers said purchases of the new permit will not increase the commission’s apportionment of federal aid dollars.

“If non-hunters and non-anglers want to contribute to the mission, they would help us more if they buy a fishing license for the same price,” Zellers said.

Fishing licenses and hunting licenses contribute to the formula upon which the federal government apportions federal aid dollars for fish and wildlife conservation.

Also, the commission did not discuss a new regulation that eliminated Special Use Area designations from portions of Camp Robinson WMA and Perry Mikles Blue Mountain WMA. These areas were previously reserved for bird dog field trials. Even when field trials were not being held, the public was not allowed to hunt on the SUAs, which totaled about 9,000 acres.

Advertisement

Zellers said the former SUAs are now subject to the standard wildlife habitat management practices, the most important of which is prescribed burning. Zellers said prescribed burning must be conducted in a narrow time window, and bird dog field trials often conflict with the agency’s prescribed burning schedule.

Zellers said that field trials may still be held at Camp Robinson and Blue Mountain WMAs, but that the commission will no longer manage the areas around field trial activities.



Source link

Advertisement
Continue Reading

Arkansas

Rock City Margarita & Arkansas Beer Festivals: An Interview with Organizer Reed Llewellyn

Published

on

Rock City Margarita & Arkansas Beer Festivals: An Interview with Organizer Reed Llewellyn


Join us for an exclusive interview with Reed Llewellyn, organizer of the Rock City Margarita Festival and the Great Arkansas Beer Festival. Discover what to expect at this year’s event, including a ‘midway’ experience, over 100 breweries, 25+ restaurants, and unique margarita creations. Learn how to get your tickets before they sell out and hear about the long-standing partnership with Ronald McDonald House. The event is held indoors at the State House Convention Center.



Source link

Continue Reading
Advertisement

Trending