News Headlines Article

Blue Shield Of California Loses Its Tax-Exempt Status
National Public Radio

One of California’s largest health insurers, Blue Shield of California, could be on the hook for a massive tax bill after the state revoked its tax-exempt status. The company is appealing the decision which could cost the health insurer tens of millions of dollars a year. The dispute comes as the nonprofit is facing mounting criticism for operating like a for-profit company.

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