It's the opposite. Insurance companies are regulated and the portion of the premium that they can keep as profit is limited. If they want to make more dollars,

It's the opposite. Insurance companies are regulated and the portion of the premium that they can keep as profit is limited. If they want to make more dollars, they have to increase the amount we spend on healthcare which lets them increase premiums. They would rather keep 20% of $10k than 20% of $1k.