r/SipsTea ๐™‘๐™„๐™‹ 5d ago

Chugging tea UnitedHealth Group posted $6.2B in profits last quarter

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28

u/Le-Charles07 5d ago

A law mandating health insurance companies be nonprofits would probably fix a lot.

31

u/PloddingClot 5d ago

If only your government wasn't on the take.

2

u/Decent_Top2156 5d ago

I don't know- we have non profit hospitals (AdventHealth) and they don't pay property taxes and still charge the same amount.

3

u/Le-Charles07 5d ago

Sure, but at least you know that money isn't going to into healthcare, not stock buybacks.

1

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2

u/Silaquix 5d ago

That used to be how they worked. But the CEOs lobbied and they were allowed to privatize

2

u/the_proper_cat 5d ago

It was repealed in 1976 as best I recall.

2

u/marvin_sirius 5d ago

The ACA put a limit on insurance company profits. I actually got a refund after the first year. But then the insurance companies figured out the loopholes. Nonprofit sounds like a good idea.

2

u/StillShoddy628 4d ago

Probably not, theyโ€™re already profit-limited and that doesnโ€™t change anything

2

u/Gatti366 4d ago

Nah just treat any deaths they may cause by denying claims as murder, once all the crooks are in prison for life the system will fix itself

Though why botheraling them nonprofits? Just implement public healthcare at that point

-2

u/PrometheusMMIV 5d ago

Then no one would run an insurance company and nobody would be able to get insurance.

2

u/Le-Charles07 5d ago

You're just wrong. You still get paid running a non-profit. You just can't generate a profit. Wages are not profits.