I Know Where We Can Save 35% of our Health Care Cost

35% FOR PROFITS


If the United Health Group and other Health Insurers want to raise the profit levels to 35% above cost, then it is simple isn't it.

35% of the cost to me is over and above any service or administration provided.

Well, heck, guys, they are showing us the way to finance this, just eliminate the profit.

That cuts our cost by 35%

"As recently as the early 1990s, 95 cents out of every dollar paid to insurance companies in premiums was used to pay claims, according to Potter, who spent more than 20 years of his professional career as an industry insider. In 2008, that percentage had dropped to “just slightly above 80 percent.” As if that 20 percent profit were not staggering enough, the Senate Finance Committee last spring was considering a 76 percent average reimbursement rate until, after fierce lobbying by insurance giant UnitedHealth Group, it settled on what Business Week has called “a more friendly industry ratio” of 65 percent. Though the final percentage is still being debated, the possibility that 35 cents on every premium dollar might go toward corporate profits does not signal reform that favors the consumer."

Source

See, It is so simple, a single payer government based program cost 35% less! Jobs? Just absorb the industry lock stock and barrel. the cost won't change. Just the profits.