Blue Shield, the third biggest health insurer in California, has lost its tax-exempt status, according to a report in the Los Angeles Times. Blue Shield could owe the state tens of millions of dollars in taxes. It has more than $4 billion in reserves, and has been criticized because its former CEO was paid nearly $5 million annually. What could that mean for consumers?
Blue Shield Losing Non-Profit Status
Credits
Guest:
Shana Alex Charles - Cal State Fullerton
Host:
Madeleine Brand
Producers:
Jolie Myers,
Matt Holzman,
Anna Scott,
Christian Bordal