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Blue Cross sale
Posted on 1/6/24 at 11:18 am
Posted on 1/6/24 at 11:18 am
Is this possible sale any good for the state of Louisiana?
15
Posted on 1/6/24 at 11:26 am to eye4lsu
There's no way it doesn't lead to consolidation and job cuts. That's one of the main reasons they do it.
In my experience, having gone through 2 company acquisitions, you can't believe a thing upper management tells you during the process.
In my experience, having gone through 2 company acquisitions, you can't believe a thing upper management tells you during the process.
Posted on 1/6/24 at 11:49 am to fallguy_1978
quote:
you can't believe a thing upper management tells you during the process.
"Nothing is going to change" is my favorite
Posted on 1/6/24 at 11:54 am to jamiegla1
quote:
"Nothing is going to change" is my favorite
Yeah, they still need you right now during the transition or perhaps if it falls through, so they'll say whatever you want to hear so people don't start leaving right and left.
I didn't get laid off during either sale of my previous company, but some people did in both cases after it closed. In one case, a lot of people did. We went from 150 employees down to about 75-80 in our local office.
This post was edited on 1/6/24 at 11:56 am
Posted on 1/6/24 at 11:55 am to fallguy_1978
quote:
consolidation and job cuts.
Happened within the last few days to a couple of fiends of mine.
Of course they were initially told “nothing will change.”
Posted on 1/6/24 at 12:13 pm to jamiegla1
quote:
Nothing is going to change" is my favorite
Ok. If nothing is going to change than what’s the point of the deal?
Posted on 1/6/24 at 12:22 pm to eye4lsu
quote:
Is this possible sale any good for the state of Louisiana?
In theory the funds from the sale should be a great boost to the state, in practice all of the money grubbing a-hole politicians will rob the fund blind adding little to no positive affect to the state.
Posted on 1/6/24 at 12:38 pm to eye4lsu
Dammit. I clicked hoping for a coupon or something.
Posted on 1/6/24 at 12:43 pm to jamiegla1
quote:
"Nothing is going to change" is my favorite
Yea - that means basically "nothing is going to change tomorrow or next week." But in a year or two, the axe is coming.
Posted on 1/6/24 at 12:56 pm to jamiegla1
quote:
quote:
you can't believe a thing upper management tells you during the process.
"Nothing is going to change" is my favorite
So when the new manager is telling everyone nothing is changing ask why he is there. Every company merger needs a good shite stirrer employee to ask the real questions and keep management transparent and call out the BS when it happens.
Posted on 1/6/24 at 1:26 pm to eye4lsu
Biggest benefit would be consolidation efficiencies and expanded pharmacy benefits management that will lead to lower drug costs and higher profits or slower increases to premiums. Healthcare insurance fragmentation reduces potential efficiencies. I don’t want a 1 payer system and some competition is good but so is scale.
Posted on 1/6/24 at 1:28 pm to eye4lsu
I’m not sure it’s actually going to happen. Landry was opposed to it last year. BCBS has made some changes to the proposal, but still must be approved by the Dept of Insurance. Since they are technically classified as a non-profit (I thought that sounds crazy) they must have approval from Dept of Insurance to first convert to a for profit entity before they can be bought out. I also believe the a certain amount of eligible policy holders must also approve it. Bottom line: if Landry is against it, the sale will not go through.
Posted on 1/6/24 at 1:31 pm to Epic Cajun
quote:
In theory the funds from the sale should be a great boost to the state
The state doesn’t own BCBS
Posted on 1/6/24 at 1:39 pm to fallguy_1978
quote:
In my experience, having gone through 2 company acquisitions, you can't believe a thing upper management tells you during the process.
The three biggest lies in the world:
1) “I’m from the government and I’m here to help.”
2) “I promise I’ll respect you in the morning.”
3) Nobody’s job will be affected by the merger.”
Posted on 1/6/24 at 1:40 pm to eye4lsu
No thanks I have a silver one
Posted on 1/6/24 at 1:41 pm to eye4lsu
I don’t see how this goes through.
Posted on 1/6/24 at 1:43 pm to fallguy_1978
quote:
In my experience, having gone through 2 company acquisitions, you can't believe a thing upper management tells you during the process.
We don't need more witchhunt and acquisitions in Louisiana.
Posted on 1/6/24 at 1:47 pm to shutterspeed
This is not good for employees and any that are in favor are either naive or an executive that’s about to get paid
Posted on 1/6/24 at 1:50 pm to SippyCup
quote:
The state doesn’t own BCBS
A large percentage of the funds (billions) from the sale were going into a fund and 5% of those funds would be used for non-profit organizations around the state every year. It would be hundreds of millions every year.
Posted on 1/6/24 at 1:51 pm to Ancient Astronaut
quote:
I don’t see how this goes through.
One of Jeff Landry’s buddies was recently appointed to the board of the 3 billion dollar foundation that determines where those funds are allocated. It’s going to go through
This post was edited on 1/6/24 at 2:00 pm
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