Loading ...need to be tied to a “Payout Ratio of 5 % of gross receipts .There was a time when Blue Cross paid out 95 % of what they took in as benefits ..its currently about 70 to 80 % .That means 30% of all money taken in goes for “administration” …really !Thats a lot of fat to be trimmed for a middle man..that dosent add to CARE at all.
Social Security keeps 2 % for Administration….No WONDER INSURANCE companies want to “Privatise” it .
WOW can you imagine a monopoly with a 30 % Administration cost ..Ill buy stock in that !,I just wouldent want to be the payor for that bill…
Medical Costs
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