Blue Shield is California's third largest health-insurance company. It was founded as a non-profit company in 1939 with an exemption from paying state taxes. Last August, the Franchise Tax Board revoked the tax exemption — but that was not made public until the LA Times reported it yesterday.
Big Money in Healthcare Non-Profits
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Credits
Guests:
- Dave Jones - former California Insurance Commissioner - @CA_DaveJones
- Chad Terhune - Kaiser Health News - @chadterhune
- Rick Cohen - Nonprofit Quarterly - @cohenreport