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Why did it take 7 months to learn Blue Shield lost tax-exempt status?
Los Angeles Times

Health insurance giant Blue Shield of California and state tax authorities both came under fire for not disclosing seven months ago a landmark decision taking away the insurer’s tax-exempt status, which had been in place since 1939.

The Times first reported Wednesday that the California Franchise Tax Board had quietly revoked Blue Shield’s tax-exempt status in August after a lengthy audit of the nonprofit health plan.

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