Quote:
Originally Posted by TheSenator
Some of the best/worst(depends on how you look at it) health insurance companies run at 25% profit margin. Meaning that for every dollar a customer pays 75% go towards medical care.
The new law requires that they use between 80 to 85% of every dollar towards medical care.
So, what this will create is more bloat in the system requiring health care providers to run more test before actually giving care. The more bloat the bigger the profit.
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You're answering a different question.
Your thread was about profit margins. I asked what their profit margins are.
Yes, they have salaries to pay, office space to pay for and maintain, benefits for their employees outside of healthcare, legal expenses, marketing costs, and on and on. Therefore, yes, a % of their revenue does not go "directly to medical care". You may think its too high, and you have every right to, however that wasn't the question that was asked.
So again, what profit margin do they operate at?