Our local paper today reports 60% of the cost of the premium is profit to the insurance company. Can this be verified? If it's true, then it puts a new light on the subject of rising premiums and health care reform.
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I would say that is pretty close, considering the pay of the CEOs, Lobbyists, advertising, profit for the share holders, and a huge expense is the monies to the politicians. From 2000 to 2006, republicans received 2/3 of all the monies donated..millions! That is really expensive. All this information is available on the internet. It amazes me that this scam has gone on as long as it has...the American people who are against reform are foolish.
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