Pretty well what I said with regards to the above bottom line. I know someone has put out some nice pie chart at some point to say what % of your premium dollar goes to what, will have to try and track one down.
6 points
Several years ago, a BadgerCare (the State of Wisconsin’s Medicaid program) administrator told me once that the program has less than 3% administrative overhead. That means that out of every dollar spent on the program, $0.97 goes to pay for Wisconsin residents’ medical care. He said that private insurance companies have something closer to 30% administrative overhead. I have no idea what it is now.
