Competition among health insurers is the key to lower premiums. WRONG‼️

When you hear the “experts” tell you that we need more insurance company competition to lower premiums, ask them how that works.

Following  is a breakdown of how health insurance premiums are spent. While this is based on one insurer, it nevertheless is representative of all health insurance. Most of the premium dollar is used to pay health care claims.

Less than 10% of a premium is subject to competitive forces let alone significant reduction. 



What's your opinion on this post? Readers would like your point of view.

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s