« Smokers who switch to "low tar" or "light" cigarettes may be less inclined to quit, survey indicates. | Main | HMOs said to be planning significant 2010 premium increases despite strong 3Q earnings. »
November 14, 2009
Report finds big insurers spent less on medical care than previous estimates.
Dow Jones Newswire (11/4, Yoest) reports that a US Senate Commerce Committee investigation found that the six largest US health insurers spent less on medical care than what industry officials estimated.
Of the total amount received in premiums by the companies in the individual insurance market, 74 cents of every dollar were spent on medical care, according to a review of publicly available of data on industry earnings. Meanwhile, America's Health Insurance Plans estimated that the industry spent an average of 87 cents of every premium dollar on medical care.
Posted by admin at November 14, 2009 06:09 PM