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Politics : The Obama - Clinton Disaster
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To: DuckTapeSunroof who wrote (21705)10/31/2009 9:46:07 AM
From: longnshort  Read Replies (1) of 103300
 
"Reid notes that on average, U.S. health insurance companies pay out in claims only about 80 percent of what they collect in premiums. The rest goes for marketing, underwriting and administration, with what's left, for profit."

what's the administrative cost for any gov agency ?? 50% ? higher ?

what is the profit for insurance companies? 2.2 % I think I read. What's McDonald's ?
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