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.

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Arkansas

Arkansas Bested by Mizzou on Sunday

Published

2 hours ago

March 1, 2026

Press Room

It was a tight battle all the way through, but ultimately No. 7 Missouri took down No. 8 Arkansas in Sunday’s SEC dual, 197.425-197.225.

There was plenty for the Gymbacks to be proud of in the meet, starting with the all-around performance of freshman Allison Cucci. She earned a new career high of 39.500, good for the all-around crown and the highest of any freshman in the nation this season. Cucci also tied for first on vault (9.900) and got second on beam (9.925).

Redshirt junior had a fantastic outing as a floor specialist and scored a 9.900 on vault and 9.925 on floor. Both marks were good for a share of first place on the events. Senior Morgan Price earned a big 9.925 at bars anchor, which tied for first on the event.

The last two events of the day kept Arkansas in contention with Mizzou, as the Gymbacks went 49.425 on both floor and beam, the latter a season high.

Bars

After a 9.675 from Joscelyn Roberson in the lead-off spot, Hailey Klein got the Gymbacks on pace again with a 9.875. Avery King made her collegiate debut next and delivered a great 9.825 routine in a last-minute situation. Her fellow freshmen Avalon Campbell and Allison Cucci went next and scored a 9.750 and 9.800, respectively. Morgan Price anchored with the energy Arkansas needed and capped her routine with a stick to score 9.925. Arkansas finished the bars rotation with a 49.175.

Vault

Cami Weaver and Leah Smith opened the vault rotation with Yurchenko fulls, scoring 9.800 and 9.750. Cucci and Klein were the team’s first 1.5s of the day, and the two scored 9.875 and 9.800, respectively. Lauren Williams went 9.875 in the fifth position and Morgan Price earned a 9.850. The Gymbacks scored 49.200 total on vault.

Floor

Arkansas started out floor with a 9.825 from Hailey Klein and a 9.850 from Cami Weaver. Cucci then broke into the 9.900 range with a new career high 9.900 midway through the rotation. Smith went 9.850 in the fourth position, keeping Arkansas on pace. Williams and Roberson closed the rotation strong with scores of 9.925 and 9.900, which pushed the Gymbacks’ floor total to 49.425.

Beam

Madison Gustitus began the beam rotation with a 9.775, and Priscilla Park went 9.875 next for the Gymbacks. Klein concluded her all-around day with a 9.850 on beam midway through the final rotation. Cucci came up next and got a huge 9.925, a new personal best for her. Weaver followed with a 9.875, which brought Roberson up to anchor. She did her usual and scored a 9.900, and Arkansas closed the meet with a 49.425 event score on beam, a new season high.

Up Next

Arkansas returns to Bud Walton Arena for its home finale against No. 1 Oklahoma on Friday, March 6. The meet has been deemed a White Out, and the team is pushing fans to help break the NCAA gymnastics attendance record, which is currently just over 16,000. It will also be Senior Night, honoring a fantastic class of Razorbacks. Action is set for 7:15 p.m. and tickets are available online, by phone, or in person. The meet will be streamed live on SEC Network+.

More Information

Visit ArkansasRazorbacks.com for the latest information on all things Arkansas Gymnastics. You can also find the Razorbacks on social media by liking us on Facebook (Arkansas Razorback Gymnastics) and following us on Twitter and Instagram (@RazorbackGym).

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Arkansas

OPINION | WALLY HALL: Arkansas will need more than Robinson’s coerced contribution | Arkansas Democrat Gazette

Published

14 hours ago

March 1, 2026

Press Room

Wally Hall

whall@adgnewsroom.com

Wally Hall is assistant managing sports editor for the Arkansas Democrat-Gazette. A graduate of the University of Arkansas-Little Rock after an honorable discharge from the U.S. Air Force, he is a member and past president of the Football Writers Association of America, member of the U.S. Basketball Writers Association, past president and current executive committee and board member of the Arkansas Sports Hall of Fame, and voter for the Heisman Trophy. He has been awarded Arkansas Sportswriter of the Year 10 times and has been inducted into the Arkansas Sports Hall of Fame and Arkansas Sportswriters and Sportscasters Hall of Fame.

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Arkansas

Who is Taylen Green? Arkansas QB dazzles with record-setting NFL combine performance

Published

1 day ago

February 28, 2026

Press Room

Who is Taylen Green? Arkansas QB dazzles with record-setting NFL combine performance

Move over, Anthony Richardson. There’s a new quarterback athletic marvel at the NFL scouting combine.

On Saturday in Indianapolis, Arkansas’ Taylen Green broke Richardson’s top marks at the position since 2003 for both the vertical leap and broad jump. Green’s 43½-inch vertical topped Richardson’s previous high by three inches, while his 11-2 broad jump beat the Indianapolis Colts signal-caller’s measurement by five inches.

Then, Green reeled off a 4.36-second 40-yard dash time. That stood as the second-best time for any quarterback since 2003, trailing only Reggie McNeal in 2006 (4.35 seconds). Richardson, for comparison, logged a 4.43-second mark in 2023.

Green didn’t even bother with a second attempt after his initial time.

The testing profile created quite the stir around the 6-6, 227-pound passer, who had widely projected as a developmental option for teams on Day 3.

NFL Network’s Charles Davis said Green told him that no teams had approached him about working out as a receiver, adding that he would not be interested in a position switch.

Green started for the Razorbacks for the last two seasons after playing the first three years of his career at Boise State. Known for his running ability and ample arm strength, Green threw for 2,714 yards and 19 touchdowns last year while adding 777 yards and eight scores on the ground.

It was a banner day for Arkansas, as running back Mike Washington Jr. also stood out among his peers with a group-leading 4.33-second 40-yard dash as well as strong marks in the vertical leap (39 inches) and broad jump (10-8).

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