By: Bob Herman
AXIOS
Health Care Service Corp., the parent of Blue Cross Blue Shield plans in 5 states, did not pay any federal income taxes in the first half of 2019. Instead, it got a $454 million tax refund, according to company financial documents.
The big picture: This comes after HCSC received a $1.7 billion federal tax refund in 2018 and highlights how Blue Cross Blue Shield insurers continue to be some of the biggest beneficiaries of the 2017 Republican tax overhaul.