When Blue Cross started, it was mandated by law to be a nonprofit. I heard it on Thom Hartmann the other day and have not been able to stop thinking about it. Reagan changed it to a for profit industry. Before that BC was this benevolent organization like a credit union. Well, today in 2017, I don't trust Credit Unions either... gotta get to work...
In 1994, BCBS changed to allow its licensees to be for-profit corporations. 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. In the final spending bill for FY 2015 after much lobbying since 2010, nonprofit Blue Cross and Blue Shield plans continue to have special tax breaks that were understood to be threatened by the Affordable Care Act of 2010.
The Downfall of healthcare in the USA (from Wikipedia above):
They got tax law changes in 86, gradually health ins segued from non profit to profit by 94, and now BCBS makes billions of dollars a year and still gets tax breaks as a "nonprofit"?
Please Please Please have Donald surprise everyone and extend Medicare to everyone, please please please
Kay Ebeling @cityofangelsfem 35s36 seconds ago
Please Please Please, Mr. Trump, extend Medicare to everyone, ins cos sell extra policies, SIMPLE HEALTHCARE SOLUTION @realDonaldTrump
Posted by Kay
not able to lose hope, even when I'm beating it down with booze and negative news