[quote=no_such_reality]
For major health insurance companies like United Health Group cost of services is 65%. Profit, administration, marketing, etc is 35%. UH is a fairly good company.
[/quote]
Not sure where those numbers are coming from. By law, the medical loss ratio for qualified health plans must be at least 80% for individual and small group policies and 85% for large group policies. If MLR is lower than those numbers, premiums must be rebated.
Not an entirely fair comparison since Medicare spends almost nothing on premium collection or sales, but Medicare overhead is less than 2%
