
Originally Posted by
Acturus
My hospital system has it's own health insurance. We sell it to employees and to some employer groups in the community, but it's small-time compared to true commercial insurance.
It is a "not-for-profit" insurance system that is provided by a "not-for-profit" hospital system.
It's different than non-profit. I'm not a tax guy, but non-profit just doesn't make money on top of cost of business, whereas not-for-profit makes a profit, but reinvests it in the foundation of the business towards expansion and improvements.
My hospital system has a huge (liek xbox) charity service that pays for a lot of bad debt in the ER, on top of community projects and other philanthropic deals with our communities. Our "profits" go to things like that.