Quietly, in August 2014, one of the largest health insurance companies lost their tax exempt status in the State of California: Blue Shield of California. Established in 1938, it’s been well known for years that this company and its real owner, California Physicians’ Service, Inc. (CPS), quietly scooped up billions in tax exempt revenue. They also managed to confound the government even further by calling themselves a Foundation! The California State Franchise Tax Board is known to be ruthless in hunting down fraud. Finally, after decades of deceit, Blue Shield’s tax evasion scam got the axe. But that isn’t stopping...