Nicholas Pension Consultants
Compensation Strategies Group, Ltd.
Nova 401(k) Associates
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
|As Blue Shield Fights Tax Exemption Loss, Scrutiny Turns to Nonprofit Hospital Giants|
Healthcare Finance News
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.' "
|Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the link above).|
|An important word about authorship: BenefitsLink® is providing a hypertext link to the item shown above, but is not the author of the item (unless otherwise specified).|