moldybluecheesecurds 2

Tuesday, July 21, 2009

Unreformed health care: minimize health, maximizing profit

Health Care, Less Funny:
: next person to claim the private sector does health care better gets a punch in the face.

There's a measure of profitability that investors look to, and it's called a medical loss ratio...it's a measure that tells...how much of a premium dollar is used by the insurance company to actually pay medical claims. And that has been shrinking...in the early '90s...95 cents out of every dollar was...used by the insurance companies to pay claims. Last year, it was down to just slightly above 80 percent.

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