Replies to post #87950 on Biotech Values

[zipjet]

For the US health-insurance industry as a whole, the number is almost certainly in the 80’s.

That is higher than I thought. I had read that 1/3 of medical insurance premiums went to administrative costs. That seems unacceptably high and apparently wrong (unless they are including those costs in "medical" by some accounting slight of hand).

So if the insurance industry is already paying out over 80% of premiums for medical expenses, the 80% payout requirement in the Senate bill should not be as big of a problem.

Thanks

ij