(And the Brown-noser of the Year Award goes to...)
from The Hill (H/T T)
The murder of the UnitedHealthcare CEO has touched off a wave of anger that’s easy to understand. “Deny, delay, depose” comes from the lived experiences of thousands of Americans. But how much does health insurance actually cost us? According to the American Medical Association, it’s just 6 percent of health care spending.
In other words, if insurers were to donate every cent of profit they made, your health care would become just 3 percent cheaper.
Health insurance mostly operates as a pass-through to send premiums
to health care providers. That 6 percent cost covers insurers’ profits,
staff and other expenses needed to manage themselves. They use nearly
all of their trillions of dollars in revenue to pay providers....
read more here