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View Diary: What you should know about health insurance industry lobbyists and their lies (276 comments)

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  •  overhead (0+ / 0-)

    This:

    The report says that "87 cents out of every premium dollar go directly towards paying for medical services..."

    is misleading in another way as well. From the quote you could infer that 13 cents of every dollar goes to overhead and profit. What it doesn't take into account is what portion of what they qualify as 'medical services' is actually the provider's overhead. That is, all the money the providers have to spend dealing with the insurance companies.

    Outside of a dog, a book is man's best friend. Inside of a dog, it's too dark to read. - Groucho Marx

    by Joe Bob on Sun Jan 25, 2009 at 07:13:05 PM PST

    [ Parent ]

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