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They lost their ca tax exempt not for profit status but they are still not for profit... which means they pay normal taxes and still operate as a non profit, wh
by r0m4n0 9y ago
They lost their ca tax exempt not for profit status but they are still not for profit... which means they pay normal taxes and still operate as a non profit, which is actually pretty amazing in my opinion.
They also limit net income to 2% of revenue and refund anything more.
https://www.blueshieldca.com/bsca/bsc/public/member/mp/contentpages/!ut/p/a1/tZExb8IwFIT_ShkYI784IXZGQ4ESlSJBq5IskW0MuErsEEzV_vs6lKFLQR3qyZbO7757hwq0RoXh73rHnbaGV927SEpMZ_QBIMwWgAEYhVH2lKaUEoJeUYEKaVzj9iivVS1UW0prnDKuVKYPl_tda63rAxf25EpRnVR53GtVbTpB29iWO1Vqs7VtfXbuw1YbbqTm1bEzaKTeoBwnIYmVgIBscBjEGEiQChkH6UClXCohtqHwxLknhl8Og1uBsrPgyn9vgNv5aL7zWNztgw4brRsrv3fxc_r0eRQBm45ZNKEvEY3ji-DK9NzjkzKjkMyGC3iEFSXA7sfLIZtgDNMQrf64j-xWYJ9Hvx0OBfM9dmV9OLT-nyKbuqbRZ1CIZEkhGlQ71ut9ATPHhq0!/dl5/d5/L2dBISEvZ0FBIS9nQSEh/ https://www.blueshieldca.com/bsca/bsc/public/member/mp/conte...
- inferiorhuman 9y agoHow is that still a thing? The LA Times article mentioned that they've never had status with the IRS and that they lost status with the California taxmen.