[melq]

A good portion of the largest insurance companies are non-profits, look at Blue Cross Blue Shield and their affiliated companies. They still make tons of money, keep tons of cash on hand, enjoy the same high salaries as for-profits (not saying they necessarily shouldn't), and get special tax statuses/breaks.

And the for profit ones are making plenty of money whatever regulations theyre subject to:

>During 2010, Health Care Service Corporation, the parent company of BCBS in Texas, Oklahoma, New Mexico, Montana and Illinois, nearly doubled its income to $1.09 billion in 2010, and began four years of billion-dollar profits.

I'm not saying they're villains, but "they're going to make money no matter what" isn't a compelling argument to me, and I have precisely 0 faith in the government to meaningfully regulate them.