Not for profit doesn't mean they are not making money. It usually means they just don't have anyone to enforce any spending discipline. Blue Cross/Blue Shield usually has a very nice building and they pay very well. Like most non profit hospitals they simply charge what they want and then spend the money. Parking ramps, new furniture every few years, remodeling offices, bonuses for executives, whatever they want, after all, they can't show a profit so they just blow through it.
The government is non profit, are they a model of efficiency and thrift?
For some reason a lot of people think medicine and education are better if they are non profit. As if it's immoral to make money. I can guarantee you there are a lot of very high incomes in medicine, education and government, non profits all. At least a for-profit entity has to justify it's spending to the owners of the enterprise.
For those of you who think non profits are better please explain why medical care and education, both dominated by non profits, have had much larger price increases than anywhere else in the economy?
