The Hill.com
Health Care Service Corp., which operates Blue Cross and Blue Shield plans in a handful of states, did not pay any federal taxes in 2018 and received a $1.7 billion tax refund, according to its latest financial report.
The tax refund boosted the health insurance conglomerate’s net profit to $4.1 billion last year, which compares to $1.3 billion in 2017, according to Axios, which first reported about Health Care Service’s tax refund.