Not-for-profit Blue Cross and Blue Shield affiliates scored billions of dollars in tax savings from the Trump administration's Tax Cuts and Jobs Act passed in December 2017, which lowered the corporate tax rate to 21% from 35% and eliminated the alternative minimum tax.
Health insurers have been buying physician practices for decades. The Affordable Care Act was expected to prompt a surge of such purchases. While that never fully materialized, some pretty significant deals emerged.
The Richardson, Texas-based Blue Cross and Blue Shield of Texas, a subsidiary of Health Care Service Corp., will hold off on implementing a new ER payment policy for 60 days at the request of Texas Insurance Commissioner Kent Sullivan.
Blue Cross & Blue Shield of Illinois plans to cut Medicaid reimbursement rates by 35% for medical suppliers—apparently in an effort to win back business after new enrollees were blocked from the state's revamped Medicaid managed-care program.
The parent of Blue Cross & Blue Shield of Illinois, the state's largest insurer, made more than a billion dollars last year, rebounding after three years of Affordable Care Act-related duress.
Illinois' governor has cut off Blue Cross & Blue Shield of Illinois from enrolling patients in the state's revamped Medicaid managed-care program, a blow to the dominant insurer.
A federal judge in Alabama ruled that Blue Cross and Blue Shield plans' practice of creating exclusive territories could directly violate antitrust law.
The Blue Cross and Blue Shield Association has adopted a new standard that opioids should not be the first or second treatment options to manage pain, guidelines lauded by pharmaceutical experts.
Following a financial turnaround in its operations in 2017, Chicago-based Health Care Service Corp. is anxious to promote fresh ideas in containing patient-care costs. It will budget $1.5 billion over the next three years on affordability initatives.
During his six years at the CMS, Dr. Patrick Conway oversaw the agency's big push into value-based reimbursement. While he's now removed from rulemaking, Conway remains passionate about the idea of linking payment to outcomes.
Blue Cross and Blue Shield of North Carolina, the state's largest health insurer, claims the proposed merger of Carolinas HealthCare System and UNC Health Care will drive up prices for patients.
Health insurers are pushing hard for outcomes-based healthcare quality measures.