Comment by potato3732842

The "profit" isn't money in the bank. It's overpaid bullshit jobs and work and perks that benefit the people in and around the organization.

It makes me understand better how the horrors of the history books came to be when the same exact demographics who'll complain about nominally nonprofit hospitals or educational institutions paying their people insane sums and doing random BS to burn money or comparable behavior from charity entities set up as tax shields by the wealthy refuse to see that having a profit cap creates an incentive for the insurance industry to behave the same way.