Posted on 10/25/2009 6:54:49 AM PDT by engrpat
Bump
No matter what reasonable profit the insurance companies make, it is still more efficient than a government plan doing the same thing. Studies show businesses are 30-50% more efficient than govt.
I have been saying this for ages. All one has to do is to look at any of these companies’ 10-Ks to verify it.
One other little tidbit: their cost to process claims range between 10% and 14%. There is no way that any government agency is going to even come close to approaching that level of efficiency.
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