It depends on what you mean by "making money", but yes. Basically, the "expected value" of a private insurance payout is usually not too different from the "ex

It depends on what you mean by "making money", but yes. Basically, the "expected value" of a private insurance payout is usually not too different from the "expected value" of a medicare payout. The sticker price of a private insurance payout is very high. The accounting department of providers love the sticker price, because they can carry them forward as payable liabilities, but a large proportion of private insurer payouts and patient deductibles are never realized. Stark contrast to medicare.