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As Blue Shield Fights Tax Exemption Loss, Scrutiny Turns to Nonprofit Hospital Giants
Healthcare Finance NewsLink to more items from this source
June 4, 2015

"In March, the California Franchise Tax Board revoked Blue Shield of California's tax-exempt status ... At the same time, the insurer's now-former public affairs director Michael Johnson quit in protest ... 'We may have come to a point where the usefulness of a nonprofit like Blue Shield has been outlived,' Johnson said. 'When they were first launched, health insurance didn't exist; it enabled people to see doctors and go to hospitals. Now that we have for-profit companies providing that service, nonprofits should either find other ways to be able to serve the public and provide access, or to make the decision: 'We've served our purpose and it's time to disband and the assets can go back to the public.' "

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