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Blues reap billions in savings from corporate tax cut

Blues reap billions in savings from corporate tax cut

By Shelby Livingston  |  June 15, 2018

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.

Ups and downs of insurer-physician consolidation

Ups and downs of insurer-physician consolidation

By Shelby Livingston  |  June 02, 2018

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.

Texas Blues insurer delays new ER payment policy

Texas Blues insurer delays new ER payment policy

By Shelby Livingston  |  June 01, 2018

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 of Illinois to pay Medicaid suppliers less

Blue Cross of Illinois to pay Medicaid suppliers less

By Steven R. Strahler  |  May 25, 2018

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.

Blue Cross parent commits $1.5 billion to lower medical costs

By H. Lee Murphy  |  March 02, 2018

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.

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