On Mar 23, 1:39*am, "John B" wrote:
What would be the problem with limiting the profit a Health Insurer could
make?

john

Well, it may not be a direct comparison, but I'd like to talk a bit
about auto insurance in MA. Many years ago, the citizens complained
about auto insurance rates, so our benevolent legislature decided to
help us out by regulating the industry. In due time, insurers tired of
fighting the politicians every year, and they left in droves. With
only a few companies left, auto premiums skyrocketed, due to lack of
competition, until only New Jersey had higher auto premiums. Finally
pressure from the voters was heard on Beacon Hill, and most of the
restrictions were removed and insurance companies were free to
establish competitive rates. Many of the insurers that left, returned,
and as a result, my yearly insurance bill for two vehicle dropped from
$1380 to $778 in one year, for the same coverage.

Health insurance is the 86th most profitable industry in the country.
Why would profits need to be limited? Simply put, many companies would
simply fold, and the ones remaining would, at some point, need
government $$$ to stay afloat, so one more major industry would come
under government control.