The Insurance Industry

The Insurance Industry

www.huffingtonpost.com

There was a time, in the early 1990s, when health insurance companies devoted more than 95
cents out of every premium dollar to paying doctors and hospitals for taking care of their members. No more. Since President Bill Clinton's health reform plan died 15 years ago, the health insurance industry has come to be dominated by a handful of insurance companies that answer to Wall Street investors, and they have changed that basic math. Today, insurers only pay about 81 cents of each premium dollar on actual medical care. The rest is consumed by rising profits, grotesque executive salaries, huge

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This is one of the best synopsis of the current state of our health care system and adds much to the lively debate surrounding the proposed changes in Washington.

When those of you argue over the evils of the Public Option and other types of "socialized medicine" - is this the type of outcome you envision and think is best for our country?

www.huffingtonpost.com
(visit the link for the full news article)

[edit on 6-12-2009 by mrsoul2009]