Quote:
Originally Posted by MTUpower
What is that supposed to mean? Thousands of companies and people invest and run businesses in a wide variety of unrelated fields. It's a real question, and no it's not a defense of the large profits of private companies. The nature of the free market means voids in profit areas are filled quickly. The Red Cross or some similar organization ought to be able to make money if there is money to be made. It's business to the private companies- and business models can be replicated. If all options are on the table to be studied, where are the reports on this?
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it means that those who want to make money in the insurance business are insurance companies. Bill Gates is not an oil man even though oil is a profitable business because he chooses not to do the things it would take to be one.
If the Red Cross chose to be an insurance company it would make plenty of money.