What would happen if all pharmaceuticals and hospitals were non-profit orgs?

Question

Rather than having uncle sam take over and getting "universal" coverage, what would happen if we turned all of the pharmaceuticals and hospitals into non-profits? We would buy out the investors (which is really kind of sick, people have to pay for health, and someone else receives it as part of their investment portfolio.) That way the hospitals and pharmaceuticals could focus all of their profits on research and advancements. That way money for new hospitals and equipment would be more readily available, and new drugs could be sold for less because they don't have to pay out to investors.

Just curious. It makes sense to me, but I am no economist. Please no stupid answers like "Universal is the only way to do it" because I will then know you are a commie and disreguard your intelligence.....
Additional Details

23 hours ago
By "Sick", I meant that in order to pay hospital bills and medicine, people sometimes go without food or heat in the winter. To be making a profit off of that is kind of sick. It would be kind of like having the city making a killing off of water because where else are you going to get water? You need it, and there is no point in making a profit off of it because governments are supposed to be non-profits...

23 hours ago
You do need to pay for the services provided to you, but to have the hospital then turn around and pay out to an investor is kind of wrong. I think the Mayo clinic in Minnesota is non-profit and they are one of the best facilities in the world. They get paid (boy do they get paid) but rather than paying out to shareholders, they reinvest the money in new facilities. I think... I could be wrong, but I remember that from my business classes....

by non-profit, I mean that they charge regular prices for their services, but instead of paying out to investors, they take that money and reinvest in the hospitals. That way they can have the nicest and newest and more growth. Basically it would be run like a regular business, but with noone making a buck off of the illnesses of others.

Answer 1

My question is by non-profit would it be run by the government or would it rely on donations from people? It sounds like a possibility but even non-profit organizations have to cut programs if the cost is too high and there are not enough funds flowing in. So if a pharmaceutical company decided to be non-profit, then if donations or grants or funding does not come in, they may have to stop the project/testing on drug X.

Even the idea of universal health care though it sounds good, it does not always work. In Canada patients have to wait a long time for the expensive tests such as CAT scans because doctors do not make as much money there and cannot afford the equipment.