Inside these posts: Blue Cross Blue Shield Illinois

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Illinois Blue Cross parent cutting more than 60 jobs

Health Care Service Corp., the parent of Blue Cross and Blue Shield of Illinois, confirmed the health plan operator was cutting 62 jobs as part of a restructuring across the country.

The Chicago-based health insurance company, the nation’s fourth-largest health insurer, operates Blue Cross and Blue Shield plans in Illinois, Texas, New Mexico and Oklahoma.

“As part of our ongoing efforts to strategically assess and align our business with the needs of the marketplace, we made the decision to restructure a few areas of the company,”  said Illinois Blue Cross spokesman Jack Segal. Get the full story »

Employers to pay 2% more to cover college kids

Employers could see an additional cost increase of up to 2 percent to medical premiums next year under the new health reform law that extends coverage to people up to age 26 through their parents’ health plans.

A new study by employee benefits consulting firm Mercer says the influx of “newly eligible” college-aged dependent children on their parents health plans will on average increase health care costs 0.25 percent to 2 percent. The increase would come on top of premiums for large employers already rising this year 8 to 10 percent by most analysts’ estimates. Get the full story »