Home › Blue Shield

Blue Shield

Video
3/19/2015
Posted by Consumer Watchdog Admin
State officials have stripped Blue Shield of California of its tax-exempt status, an exemption the nonprofit health insurer has held since its founding in 1939. The decision could put Blue Shield on the hook for tens of millions of dollars in state taxes each year.
News Story
3/19/2015
Posted by Mark Reback
Health insurance giant Blue Shield of California and state tax authorities both came under fire for not disclosing seven months ago a landmark decision taking away the insurer's tax-exempt status, which had been in place since 1939. The Times first reported Wednesday that the California Franchise Tax Board had quietly revoked Blue Shield's...
Blog Post
3/18/2015
Posted by Jamie Court
Remember, months ago, when we called out nonprofit Blue Shield for spending policyholder money to buy a luxury skybox at San Francisco 49ers games? State tax collectors have finally revoked the nonprofit health insurance company’s tax exemption following years of our criticism about its lavish perks, excessive executive pay, padded bank...
News Story
3/18/2015
Posted by Mark Reback
Authorities have revoked the tax-exempt status of nonprofit Blue Shield of California, potentially putting it on the hook for tens of millions of dollars in state taxes each year. The move by the California Franchise Tax Board comes as the state's third-largest health insurer faces fresh criticism over its rate hikes, executive pay and $4.2...
News Story
3/18/2015
Posted by Mark Reback
The state Franchise Tax Board has stripped Blue Shield of California of its tax-exempt status, a move that could make the 76-year-old San Francisco health insurer responsible for paying millions in state income taxes. Officials from the tax board would not explain why they took the action in August, but critics have long accused the insurer, until...
News Story
3/18/2015
Posted by Mark Reback
On the Blue Shield of California Web page called “What Does Being a Not-for-Profit Mean to Us?” the health insurer provides an answer: Operationally, it means we don’t answer to Wall Street – we don’t need to generate returns to shareholders. Philosophically, being a not-for-profit means we’re guided by our...
News Story
2/6/2015
Posted by Mark Reback
Insurance giant Anthem Inc. suffered a massive data breach exposing the personal information of up to 80 million Americans — and it could have been even worse for consumers. The hackers didn't take sensitive medical information on patients or their credit card data, according to the company, even though it was stored alongside Social...
News Story
2/6/2015
Posted by Mark Reback
The California Department of Insurance has launched an investigation into a data breach affecting about 80 million customers, former customers and employees of health insurer Anthem in California and other states, Bay City News reports (Bay City News, 2/5). Anthem Blue Cross, the insurer's California branch, and other affiliated health plans...
News Release
2/5/2015
Posted by Carmen Balber
Santa Monica, CA – The day after Anthem Blue Cross revealed that millions of customers’ information had been hacked, Consumer Watchdog and Patient Privacy Rights called on Cal INDEX, the health information database created by Anthem and Blue Shield of California, to allow consumers to opt-in rather than force them to opt-out. “...
News Story
1/22/2015
Posted by Mark Reback
It's been a year since many people discovered that the lists of doctors accepting Anthem Blue Cross' and Blue Shield's Covered California plans, both locally and beyond the borders of Humboldt County, were wildly inaccurate. Many of the doctors and specialists that the insurance companies promised policy buyers would accept their new...