Demea wrote:
although I'm still unsure exactly what's wrong with businesses making a profit.
Nothing.
But as a healthcare system, it sucks. An insurance company wants to insure healthy people, so that it spends as little money as possible on treatment. Conversly, it doesn't want to insure old/sick people cos they'll be expensive to treat. So they set their premiums prohibitively high for these people, so that they either don't take insurance, or if they do the company recoups its losses throuh those high premiums.
Meanwhile, healthy/young people don't really need health insurance, so they don't take it, which reduces profits for insrance companies, who pass on the cost to their existing clients, sick/old people. It's a vicious cycle. And the US government ends up spending more on healthcare per person than the UK or France, who both have free public healthcare.
That system is bad enough. But if you add to this the fact that insurance companis can now see how likely it is that someone will develop a serious illness, then it screws up the system even more. The whole concept of insurance is that its a form of betting or gambling. You give them money each month in case something happens. If the insurance companies knows what's gonna happen, if they have all the information they need, the deal is skewed. They'll either charge you enough in premiums so that you it's barely worth it for you and zero loss for them, or they won't take you at all.