When I point out the same thing (insurance companies were non-profit and those that were for-profit couldn't receive licensing in most states), people look at me like I must be crazy. Even people my age seem to have forgotten this. I'm not talking about 200 years ago, for God's sake - how is it that everyone thinks the extraordinary, over-the-top, unbelievable profits big companies and banks make is the way it's always been? Like it's some immutable fact of nature or something. Heck, utility companies were state-regulated back in the day; they were allowed something like a 10 to 17% profit margin (after paying their employees/management what the state considered reasonable compensation - and the state decided what was reasonable), and weren't allowed to charge their customers more than what it took to achieve this.
Suddenly, utilities, telephone companies, and insurance companies are completely deregulated, given government subsidies to run their businesses, and permitted to charge whatever they want to a public that needs their services. When I think about how much internet costs each month, knowing that the government paid for all the cables to be laid across the country, it drives me crazy.
Regarding jobs, there was a silly movie years ago called "9 to 5"; and that really was what most people worked. Even my first pitiful full-time job after high school was 9 - 5, with an hour-long paid lunch. It included a two week vacation after the first year, basic health insurance, and ten sick days. The workers in this country are being screwed for corporate profits, CEO salaries, and federal and state Congressional "representatives".