January 28, 1999
IRS to Revoke Exemption of Major Utah Health Insurer
The Internal Revenue Service has decided to rescind the charity status of what is believed to be Utah's largest health-maintenance organization.
The health-insurance provider, IHC Health Plans, initially received tax-exempt status from the revenue service in 1985. But the I.R.S. has been in the process of re-examining its policies for H.M.O.'s since 1986, when Congress amended the Internal Revenue Code to prohibit some types of insurance providers from
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