Which Way, L.A.?
Big Money in Healthcare Non-Profits
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.
By Warren Olney • • 1 min readBlue 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.
