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IronLionZion

(50,812 posts)

3. It's not all profit, its total administrative expenses

Reply to pipoman (Reply #1)

Thu Jul 24, 2014, 08:35 AM

Jul 2014

that percentage includes salaries for their workers.

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U.S. health insurers to pay $330 million in premium rebates [View all] n2doc Jul 2014 OP

A 15% margin is better than a lot of industries make who pipoman Jul 2014 #1

It's not all profit, its total administrative expenses IronLionZion Jul 2014 #3

Medicare administrative costs are about 3%. candelista Jul 2014 #6

That is CMS administrative costs for medicare, which is only one portion. IronLionZion Jul 2014 #9

Margin is almost never net...most margins require salaries pipoman Jul 2014 #15

And this is one more reason why the repugs want to kill off the ACA .... Botany Jul 2014 #2

Repugs are also terrified that this will lead to single payer IronLionZion Jul 2014 #4

They are? candelista Jul 2014 #7

Why are they fighting it tooth and nail? IronLionZion Jul 2014 #10

That's theater to please the base. candelista Jul 2014 #11

It can't possibly lead to single payer Doctor_J Jul 2014 #28

My first thought when I read the headline was... davidpdx Jul 2014 #5

And two DC Court Appeals wingnut judges ruled you can't have that rebate bigdarryl Jul 2014 #8

Three-hundredths of one percent of private premiums. nt MannyGoldstein Jul 2014 #12

And a 100% increase in rebates over the pre-ACA days. riqster Jul 2014 #13

A penny would do that, too. MannyGoldstein Jul 2014 #14

Its good to be skeptical about things jamzrockz Jul 2014 #16

My point is that a family's receipt of a rebate is a good thing. riqster Jul 2014 #17

You don't think perspective is useful? nt MannyGoldstein Jul 2014 #20

I think that perspectives are of varied utility, depending on context and specifics. riqster Jul 2014 #22

here's some perspective: Premiums wld hve been $3.8 bil HIGHER if MLR remained the same as 2011's Bill USA Jul 2014 #29

A Letter comes with the rebate telling you that insurance company over charged you, kept your money DhhD Jul 2014 #32

with guaranteed premiums from everyone, they can spare it Doctor_J Jul 2014 #27

yep. And it costs at least five times as much as Medicare Doctor_J Jul 2014 #25

Will the jerks at Fox Lies report this one?...k and r Stuart G Jul 2014 #18

Medical Loss Ratio underpants Jul 2014 #19

Extremely good news. conservaphobe Jul 2014 #21

More than a dome's worth of difference... Orsino Jul 2014 #23

Yeah, baby, that's what I'm talkin' about libodem Jul 2014 #24

$80/ year when the premiums are $5000? Doctor_J Jul 2014 #26

Better than a sharp stick in the eye. grahamhgreen Jul 2014 #30

what about the Gov. paid insurance subsidy money. Does the Gov get a lower price? Sunlei Jul 2014 #31

$330 million that won't be going to corporate profits! Initech Jul 2014 #33