What is more interesting is what percentage of healthcare-premium dollars is being expended on medical care?
For the US health-insurance industry as a whole, the number is almost certainly in the 80’s.
A related question: What proportion of total economic output* in US healthcare goes to the actual provision of medical products and services? I addressed this question loosely and anecdotally in #msg-39056427.
*Defined in the same way as GDP.
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”