4 ms·
Did not even know Blue Shield was non-profit.
by crimsonalucard 11y ago
Did not even know Blue Shield was non-profit.
- e40 11y agoSo is Kaiser, which also surprised me.
- wavefunction 11y agoThey just plow any "profits" into inflated salaries for their executives and management.
- ProAm 11y agoDid you know Kaiser was the first insurance company/medical group? [1] They are the root of America's current problems with insuring everyone, although at the time I don't know if they knew it would come to the mess we have today. [1] https://en.wikipedia.org/wiki/Kaiser_Permanente https://en.wikipedia.org/wiki/Kaiser_Permanente
- toast0 11y agoWikipedia says they operate in eight states, so I'm not sure how they're the root of a problem outside those states.
- ProAm 11y agoThey were the first insurance company in the US. They started the inflated insurance practice of policies, group benefits, plans, network rates, etc.. The seed the grew into the national insurance racket we have today.