Blue Shield of California

Blue Shield of California
Company typeNon-profit health plan (tax exempt status removed in 2014)[1][2]
IndustryHealthcare
Founded1938 (created)[3]
1939 (incorporated)[3]
FounderCalifornia Medical Association[3]
Headquarters601 12th Street
Oakland, California
Key people
Paul Markovich,
President and chief executive
RevenueIncrease $21.8 billion USD (2020)[4]
Increase $680 million USD (2020)[4]
MembersIncrease 4.5 million (2021)[5]
Number of employees
7,500 (2021)[5]
Websiteblueshieldca.com

Blue Shield of California is a mutual benefit corporation and health plan[6][7] founded in 1939 by the California Medical Association. It is based in Oakland, California, and serves 4.5 million health plan members and more than 65,000 physicians across the state. Blue Shield of California was founded as a not-for-profit organization. As of 2014, it is no longer tax-exempt in California and has been paying federal taxes for several years before that.[2]

  1. ^ "Mission and Values – Blue Shield of California". blueshieldca.com. Retrieved March 17, 2016.
  2. ^ a b "With billions in the bank, Blue Shield of California loses its state tax-exempt status". Los Angeles Times. March 18, 2015. Retrieved September 1, 2016.
  3. ^ a b c "Corporate History and Timeline – Blue Shield of California". blueshieldca.com. Retrieved March 17, 2016.
  4. ^ a b Cite error: The named reference 2020Financials was invoked but never defined (see the help page).
  5. ^ a b "Fact sheet" (PDF). Blue Shield of California. 2021. Archived (PDF) from the original on May 12, 2021.
  6. ^ Young, Samantha; Hart, Angela (March 22, 2021). "Newsom Awarded the No-Bid Vaccine Contract to Blue Shield, a Trusted and Generous Supporter". KQED. Archived from the original on March 23, 2021. Retrieved May 7, 2021.
  7. ^ Terhune, Chad (June 6, 2015). "Blue Shield faces more heat over nonprofit status, $1.2-billion deal". Los Angeles Times. Archived from the original on June 6, 2015. Retrieved May 7, 2021.