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Health Insurers Gave $120 Billion To Shareholders While Denying Your Claim (www.levernews.com)

submitted 1 week ago by Garibaldee@lemm.ee to c/usa@midwest.social

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[–] ShellMonkey@lemmy.socdojo.com 6 points 1 week ago (1 children)

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.

[–] SwingingTheLamp@midwest.social 6 points 1 week ago

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.