Quote:
Originally Posted by Jim in CT
Profit margins among health insurers are around 6-7%. Not a big deal. Seeking profit provides a good incentive to avoid expensive waste, something that the public sector could stand a lesson on.
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That is profit not including the costs that physicians incur to count beans for insurance companies. When my brother closed his practice he had himself, a nurse practitioner, several rns and 6 people dealing with paperwork. Now the 6 people dealing with paperwork do not improve healthcare outcomes, and they are a cost.
Shuffling paper and counting beans makes insurance companies money 6-7% of all the paper they shuffle, and beans they count.