Comments on: Not Just Health Insurance That Needs Reform http://www.healthinsurancecolorado.net/blog1/2009/08/10/not-just-health-insurance-that-needs-reform/ Research and discussion of the Colorado health insurance industry and the healthcare crisis in America. Wed, 10 Mar 2010 19:56:06 +0000 http://wordpress.org/?v=abc hourly 1 By: Jim Sugden http://www.healthinsurancecolorado.net/blog1/2009/08/10/not-just-health-insurance-that-needs-reform/comment-page-1/#comment-14036 Jim Sugden Tue, 11 Aug 2009 15:41:49 +0000 http://www.healthinsurancecolorado.net/blog1/?p=1257#comment-14036 Bingo! I'm sure that you are familiar with the PriceWaterHouseCoopers updated version of the Health Insurance Premium Dollar which breaks down where premium diollars are spent. The 2009 version shows 87% going to the cost of care with 10% to admin, premium taxes, compliance and marketing and 3% to profits. If we only reform the 13% that goes to overhead and profits we gain a percent or two. We need to focus on the 87%... THE COST OF CARE. However, since doig that is complex, arduous and difficult to explain, our politicians have instead focused on a Boggie Man, the insurance company villans! You are right, we need insurance reform, but without reforming the care delivery system all we'll get is higher costs for those who can still afford premiums. jls Bingo! I’m sure that you are familiar with the PriceWaterHouseCoopers updated version of the Health Insurance Premium Dollar which breaks down where premium diollars are spent. The 2009 version shows 87% going to the cost of care with 10% to admin, premium taxes, compliance and marketing and 3% to profits. If we only reform the 13% that goes to overhead and profits we gain a percent or two. We need to focus on the 87%… THE COST OF CARE.

However, since doig that is complex, arduous and difficult to explain, our politicians have instead focused on a Boggie Man, the insurance company villans! You are right, we need insurance reform, but without reforming the care delivery system all we’ll get is higher costs for those who can still afford premiums.

jls

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