Staff File Photo by Dan Henry/Chattanooga Times Free Press.
(WRCB) – BlueCross BlueShield of Tennessee announced Wednesday that around 100
employees will lose their jobs.
In a press
release, the insurance company says it's eliminating two percent of its
workforce across the state, to cut costs.
additional 100 vacant positions will not be filled for 2013.
says 25 percent of the cuts are at the management level.
Gracey says the cuts are necessary to operate efficiently, citing the
Affordable Healthcare Act and the new $200-million-plus annual excise tax that
BlueCross will have to pay starting in 2014 as reasons.
WRCBtv.com for updates as they become available.