Why should health insurance be a racket?

Why should health insurance be for profit? It hadn't used to be, but as with most things, the money hungry "lets see how much we screw the people for, before they make it illegal" men in suits got their grubby hands on it.

Accident and disability insurance goes back a few hundred years, but the first health insurance plan I could track down, was started by Baylor Hospital, in Dallas Texas, in the 1920s. It began as a nonprofit for poor folks called "The Blues" it eventually morphed into Blue Cross.

During WWII, the government froze all wages for the duration, and to get around this freeze on pay, companies started to offer Health Insurance as a benefit to give people more than they were legally allowed. The concept was still nonprofit. It didn't cost an arm or a leg to fix your arm or a leg.

By the early 1980s, 10% of health insurance companies were for profit, from then onto today it has become a scam of mighty proportions, matched and aided by the bandits from Wall Street.

They pay their CEO millions of dollars, they deny coverage, underpay doctors, get successfully sued, often. The lines are so blurred that one must conclude that health insurance is a racket of highest order, profit or nonprofit. Major surgery is needed.