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Reply #39: Who told you it's 30%? I spent 20 years... [View All]

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TreasonousBastard Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Oct-06-07 06:11 PM
Response to Reply #28
39. Who told you it's 30%? I spent 20 years...
in the insurance business and never saw anything like that as an underwriting profit in any line. And the 7% government cost comes partly from other subsidies-- like it works from tax money rather than paying taxes.

30% overhead I could go along with, although that's also a bit high, but you can't get rid of all of the overhead-- someone has to count them money and make sure as little as possible gets lost or stolen. That's part of overhead.

I'm not against single-payer, but I still can't see how replacing many small bureaucracies with one large one will solve many problems.





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