478
Health Insurers Gave $120 Billion To Shareholders While Denying Your Claim
(www.levernews.com)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 12 Dec 2024
478 points (99.6% liked)
United States | News & Politics
2003 readers
1597 users here now
Welcome to !usa@midwest.social, where you can share and converse about the different things happening all over/about the United States.
If you’re interested in participating, please subscribe.
Rules
Be respectful and civil. No racism/bigotry/hateful speech.
Post anything related to the United States.
founded 2 years ago
MODERATORS
Pretty well what I said with regards to the above bottom line. I know someone has put out some nice pie chart at some point to say what % of your premium dollar goes to what, will have to try and track one down.
Several years ago, a BadgerCare (the State of Wisconsin's Medicaid program) administrator told me once that the program has less than 3% administrative overhead. That means that out of every dollar spent on the program, $0.97 goes to pay for Wisconsin residents' medical care. He said that private insurance companies have something closer to 30% administrative overhead. I have no idea what it is now.