Pete Buttigieg Helped Michigan Blue Manage Costs
The Democratic presidential contender says he got his start by helping the carrier analyze overhead spending.
One contender for the Democratic presidential nomination came out earlier this week with a startling revelation about his past: He’s been a health insurance company cost bean counter.
(Related: Buttigieg Proposes Public 401(k) Option)
Buttigieg included that revelation in a blog column he posted on Medium.com. In the column, Buttigieg described the consulting assignments he had while he worked as an associate at McKinsey & Company, from 2007 through 2010.
The list of assignments included analyzing the effects of price cuts at a supermarket chain, helping the U.S. Department of Defense look for ways to improve the job markets in Iraq and Afghanistan, and helping the U.S. Postal Service find ways to increase revenue.
(Related: United States of America Posts 2017 Earnings)
But the first McKinsey assignment Buttigieg listed, which took place in 2007, was for Blue Cross Blue Shield of Michigan.
“Working in Michigan for my first study, I worked on a project for the non-profit health insurance provider for approximately three months,” Buttigieg writes in the article. “I was assigned to a team that looked at overhead expenditures such as rent, utilities, and company travel. The project I was assigned to did not involve policies, premiums, or benefits. Because this was my first client study, it largely involved on-the-job training to develop skills in the use of spreadsheets and presentation software.”
Resources
The Buttigieg blog article about his consulting work is available here.
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