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Blue Cross Blue Shield of Michigan plans to cut $600M in costs, offering buyouts to 700 employees.
Blue Cross Blue Shield of Michigan plans to cut $600 million in costs over several years due to rising drug prices and increased medical demand.
To achieve this, the company is offering buyouts to about 700 eligible, non-union employees nearing retirement.
The insurer has lost over $1 billion in the past two years and aims to reduce costs further if current measures fall short.
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Blue Cross Blue Shield de Michigan planea recortar $600M en costos, ofreciendo compras a 700 empleados.