Archive for April 30, 2015

Blue Shield Loses Tax-Exempt Status, Comes Under Scrutiny for Care1st Acquisition

Non-profit health insurer Blue Shield of California has come under public scrutiny for its huge cash reserves, history of large rate increases, and lack of disclosure to the taxpayers.  The California Franchise Tax Board punished Blue Shield by stripping the insurer of its tax-exempt status at the end of 2014.  Today, Blue Shield remains controversial. …

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