Health Care Costs Query
Gar Lipow
lipowg at sprintmail.com
Sat Mar 3 16:45:44 PST 2001
The single payer group I work with usually quotes about 25% as the cost
of administration+insurance company profits in our system. That is
private insurance companies keep about 15% of premiums for their costs,
profits, hefty CEO salaries and gold plated office buildings. Then
medical practictionars spend another 10% to do their internal
administration, including compliance with insurance company
requirements.
When I check the Statistical Abstract -- it calculates about 5%. Is
there a non-single payer advocate source I can cite, which uses the 25%
figures?
Thanks
Gar
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