NC Blue Cross: Tax cut helps charities, rate hikes lessened
Story Date: 2/26/2018

 

Source: Emery P. Dalesio, US NEWS, 2/22/18

North Carolina's largest health insurer said Thursday its windfall from the new federal tax cut will hold down rate increases in the future, but this year it will use it to give charities $40 million and pay employees a $1,000 bonus. Blue Cross and Blue Shield of North Carolina said it will give away millions this year for health initiatives and give bonuses to about 4,700 employees. The company said premiums are expected to keep rising, but by less than they would have after tax savings are applied to most policies in 2019.

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