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Blue Shield of California lost their tax-exempt status in California a few years back.


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/conte...


How 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.




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