Arkansas

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

Published

1 year ago

January 9, 2025

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

The Arkansas Blue Cross & Blue Shield building in Little Rock (Michael Pirnique)

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.

“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.”

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.

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.

Source link

Arkansas

Hogs Look to Rebound After Midweek Split with Arkansas State

Published

8 hours ago

February 27, 2026

Press Room

Hogs Look to Rebound After Midweek Split with Arkansas State

Arkansas got a quick reminder this week that baseball doesn’t hand out easy wins.

The Razorbacks head into the weekend after splitting a midweek set with Arkansas State, a two-game stretch that showed both the highs and lows of early season baseball.

Now, the Hogs turn the page and prepare to host UT Arlington in a three-game series at Baum-Walker Stadium.

Arkansas enters the weekend 7-2 overall. UT Arlington comes in at 2-6. First pitch Friday is set for 3 p.m., with Saturday at 2 p.m. and Sunday at 1 p.m. Friday’s game will stream on SEC Network+.

Midweek Split Shows Two Sides of Arkansas

The midweek matchup with Arkansas State didn’t go the way the Razorbacks expected at first. In Game 1, Arkansas State won 12-4. It marked the first loss to the Red Wolves in program history.

The Hogs struggled on the mound and couldn’t keep pace as Arkansas State built separation. The result was a reminder that even in-state games can turn quickly if things slip early.

But 24 hours later, Arkansas looked like a different team.

In Game 2, the Razorbacks leaned on dominant pitching and edged Arkansas State 1-0 in a tight contest. It was the kind of bounce-back performance coaches want to see after a tough loss.

The split left Arkansas with lessons on both sides — how quickly things can unravel and how steady pitching can win a game even when runs are hard to find.

Home Comfort at Baum-Walker Stadium

Now the Razorbacks return to Baum-Walker Stadium looking to build momentum.

The Hogs have been strong at home and will try to use that setting to steady the ship after the midweek ups and downs. Playing in Fayetteville gives Arkansas a familiar environment and a chance to settle into its routine.

UT Arlington, meanwhile, is coming off a rough stretch. The Mavericks lost their midweek game to Dallas Baptist 6-1 and were swept in a weekend series against Lamar after winning the opener 10-2 before dropping the next two games.

Arkansas has the edge historically, leading the all-time series 7-1. The teams haven’t met since 2006, when the Razorbacks swept a series in Honolulu. This will be the first time UT Arlington plays in Fayetteville.

Pitching Matchups to Watch

The Hogs will roll out a strong weekend rotation.

Friday’s starter is right-hander Gabe Gaeckle (1-0, 1.93 ERA). He’ll face UT Arlington right-hander Caylon Dygert (0-0, 1.80 ERA). That matchup could set the tone for the series opener.

On Saturday, left-hander Hunter Dietz (0-1, 9.00 ERA) is scheduled to pitch for Arkansas against Dylan Skolfield (0-2, 6.48 ERA) for the Mavericks.

Sunday’s game will feature left-hander Colin Fisher (1-0, 0.00 ERA) for the Razorbacks. UT Arlington has not yet named a starter for the series finale.

After seeing how important pitching was in the 1-0 win over Arkansas State, Arkansas will look for more steady outings from its starters and bullpen.

Finding Consistency Early

Through nine games, the Hogs have shown flashes of strong offense and solid pitching. But the midweek split showed that consistency is still forming.

The loss to Arkansas State proved that mistakes can pile up fast. The narrow win that followed showed that disciplined pitching and defense can close out tight games.

This weekend gives Arkansas another chance to sharpen its approach before the schedule gets tougher later in the season.

For fans, the path to watching is simple. Friday’s game streams on SEC Network+, and radio coverage will be available in Fayetteville on 92.1 FM and AM 1590, along with other affiliates across the state.

Hogs Feed

Source link

Arkansas

No. 1 Arkansas leads SEC Indoor after first day finals

Published

20 hours ago

February 27, 2026

Press Room

No. 1 Arkansas leads SEC Indoor after first day finals

Shawn Price
February 26, 2026

COLLEGE STATION – A victory in the 5,000m by Nick Busienei and third place in the distance medley relay had No. 1 Arkansas leading the team score with 18 points on the first day of the SEC Indoor Championships.

The Razorbacks produced 12 of those points in the 5,000m as Nick Busienei won the race in a meet record of 13;31.86, which ranks him No. 7 on the UA all-time list. Busienei bettered the meet record of 13:37.52 set by Razorback Patrick Kiprop in 2025.

James Sankei added two more points in placing seventh with a time of 13:44.57.

Dating back to 1992 when Arkansas competed in its first SEC Indoor meet, Busienei claimed the 21st title for the program and is the 14th Razorback to win the indoor 5,000m.

Six more points were added in the distance medley relay as Arkansas posted a time of 9:30.84 from the foursome of Owan Logorodi (2:58.46), Zyaire Nuriddin (46.51), Julian Carter (1:49.10), and Brian Masai (3:56.77).

South Carolina won the race in 9:30.08 with Ole Miss runner-up in 9:30.34. Florida originally placed third in 9:30.37 but was disqualified for spiking the baton at the conclusion of the race.

Jelani Watkins led the Razorback crew in the 200m prelims as three Arkansas sprinters advanced to the final. Watkins produced an indoor career best of 20.42 rank second overall to a 20.38 by Florida’s Wayna McCoy. Watkins remains No. 2 on the UA all-time list as he improved his previous time of 20.43.

Dapriest Hogans followed with a 20.63 that equaled his career best and his No. 8 ranking on the UA all-time list. Tevijon Williams clocked 20.65 to reach the final where 20.71 was the cutoff time. Jamarion Stubbs ran 20.87 in his prelim heat.

Cooper Williams completed the first day of the heptathlon in sixth place with 2,862 points. He started with a 7.43 in the 60m (736), then added a 21-9.5 (6.64) long jump (729). In the shot put, a mark of 36-8.25 (11.18) picked up 557 points. Williams wrapped up day one by topping the field in the high jump with a clearance of 6-8.25 for 840 points.

Link Lindsey placed 15 in the long jump with a mark of 23-6.75 (7.18).

Source link

Arkansas

The wall goes back up: Arkansas embraces defiant isolation

Published

1 day ago

February 26, 2026

Press Room

The wall goes back up: Arkansas embraces defiant isolation

“Arkansans have been made better economically, intellectually and socially by letting go of the ‘terrified truculence’ toward outsiders in recent decades. Sadly, as we’ve experienced this sad winter, all signs are that many similar seasons of defiant isolation are in our state’s future,” writes political scholar Jay Barth.

Source link