Could an insurance company be non-profit?
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Abbreviated Question:
Could an insurance company be non-profit?
Answer:
No, there is nothing preventing non-profit organizations from offering insurance. Indeed, this is quite common in health care, with non-profit health insurers accounting for over 60% of health plans with more than 100,000 people enrolled (https://www.firstquotehealth.com/health-insurance-news/non-profit-health-insurance). In the 2012 Consumer Reports health insurance ranking, all of the top ten private plans were nonprofits.