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Blue Cross Job Losses




By FITSNEWS || It’s not a “great day in South Carolina” for roughly thirty employees at health care insurer Blue Cross Blue Shied of South Carolina (BCBSSC).

According to multiple sources familiar with the situation, that’s the number of full-time BCBSSC employees losing their jobs as a result of a reduction in force (RIF) that began this Thursday.

The job cuts appear (initially, anyway) to be confined to BCBSSC’s information technology department – where up to 2.5 percent of the workforce could be out of a job by the end of the week.

According to our sources, the positions being cut are “mostly programmers with salaries averaging about $60-65K (annually).”

“Some have been there fifteen-plus years,” one source added.

Ouch …

Unlike most positions in the Palmetto State (where household incomes rank No. 44 nationally), those are good paying jobs – which means there elimination will have a real impact on the consumer economy.

Oh well, maybe some of the newly unemployed can find work at the Nephron Pharmaceutical company in Cayce, S.C.  – the facility Gov. Nikki Haley lavished with taxpayer-funded incentives three years ago on the promise it would create 707 new jobs at $71,000 a pop.

Errr … maybe not.

Anyway, why did BCBSSC terminate these positions?

According to one source, the agency is trying to comply with the “80/20 rule” of U.S. president Barack Obama‘s socialized medicine plan – which requires insurers to spend no less than 80 percent of health care premiums on patient care or be forced to refund the money.