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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

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[–] 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.