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Blue Shield’s lost tax exemption shines spotlight on not-for-profits
Modern Healthcare

A recent revocation of Blue Shield of California’s not-for-profit tax status raises questions of whether insurers and not-for-profit providers are doing enough to keep irate taxing bodies from following California’s lead. The revocation “is a significant development and, while speculative, we believe it could be a catalyst for other states to take similar action,” Chris Rigg, an analyst at Susquehanna Financial Group said in a note to investors.