July 6, 2015 -- Professor Jill Horwitz commented on the nonprofit status of some health insurers in an interview on Marketplace.
Jill Horwitz at UCLA School of Law says nonprofits like Blue Shield of California seem to be hoarding cash for business reasons that don’t necessarily violate their nonprofit mission.
“I would have been more concerned if we saw a lot of spending on atriums and big bonuses and offices and things like that,” she says. “But what we’re seeing is cash in the bank being held, and that doesn’t strike me, on its face, as such a bad thing.”
Listen to the interview.