United States | News & Politics

2006 readers

982 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

simsymbiote@midwest.social

Type1@midwest.social

497

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

submitted 6 days ago by Garibaldee@lemm.ee to c/usa@midwest.social

20 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] ShellMonkey@lemmy.socdojo.com 6 points 6 days 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 6 days 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.