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(Salt Lake City-AP) -- An appeals court has upheld the Internal Revenue Service's revoking the tax-exempt status of Intermountain Health Care's health maintenance organizations.
A three-judge panel of the tenth U-S Circuit Court of Appeals said in the ruling yesterday that I-H-C Health Plans, the largest H-M-O in Utah, operates like a commercial for-profit entity and should be taxed like one, even though the parent I-H-C Incorporated remains a tax-exempt nonprofit organization.
The Internal Revenue Service allowed I-H-C's Health Plans to operate as a tax-exempt organization from 1985 to 1999 before revoking the status.
(Copyright 2003 by The Associated Press. All Rights Reserved.)
