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 […]