Excellus earns profit in 2024 despite operations costing $163M; check executive compensation – Syracuse.com
Syracuse, NY — The largest private insurance provider in Central New York reported a small profit last year, despite incurring a $163 million loss in daily operations. Annual financial documents submitted to the state indicate that this operating loss represented around 2.5% of Excels Blue Cross Blue Shield’s yearly budget. The company paid out $6.5 […]
Trump directs US Treasury to stop making pennies, citing rising costs – syracuse.com
WASHINGTON (AP) — President Donald Trump says he has instructed the Treasury to stop minting new pennys, citing rising costs to produce a cent coin. “For a long time, the US has been minting pennies, literally costing more than two cents. This is a waste!” Trump posted Sunday night about his true social site. “I […]
Excellus and St. Joseph’s Health reach new deal, bringing to close a contentious contract season – syracuse.com
Syracuse, N.Y. — Central New York's largest health insurer reached an agreement with St. Joseph's Health late on New Year's Eve, ending the region's last major insurance negotiations in a contentious year. Excellus BlueCross BlueShield and St. Joe's announced an agreement Tuesday around 10:30 p.m. to maintain in-network coverage for more than 35,000 patients. “Excellus […]
How the Visa-Mastercard swipe fee settlement affects cardholders – syracuse.com
Written by Sarah Lassner | Nerd Wallet Visa and Mastercard reached settlements with U.S. merchants this week, but the deal, if approved, could have a trickle-down effect on consumers. The agreement lowers the credit card interchange fees merchants pay to process credit card transactions and maintains those lower rates for several years. It would also […]
100 million taxpayers missed out on free tax filing program – syracuse.com
Written by Elizabeth Renter | Nerd Wallet There is a legitimate IRS program designed to allow 70% of taxpayers to file their federal income tax returns for free using online software. But the latest he IRS data shows hundreds of millions of people are not taking advantage of that benefit, potentially resulting in billions of […]