www.axios.com
Health Care Service Corp., the parent company of Blue Cross Blue Shield insurers in five states, pulled in nearly $1.3 billion of profit in 2017 — which included large gains on its Affordable Care Act plans in the individual market. Crain’s Chicago Business first reported the financials.
Why it matters: This builds on our previous reporting that many health insurance companies, like HCSC, fared quite well in 2017 despite the political wars in D.C.
By the numbers: $1.3 billion net profit on $32.6 billion of revenue in 2017 versus $106 million net profit on $30.3 billion of revenue in 2016.