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Saturday, April 24, 2010

Health Care Law Forces Insurers to Pay 80% of Revenue on Medical Claims

It would seem that the Health Care Law will force Private Insurance Companies to use 80% of their revenue on medical expenses for customers

The Federal Government is actually telling Private business what they have to do with their revenue.

If this is allowed to stand, then a Pandora's Box has been opened that will allow the Federal Government to Dictate to ALL Private Business, Big and Small, as to what they can and can not do with their revenue.

To Read about this part of the Health Care Law Go To:



The Above Article used to said Profits and not revenue. Thanks to a Kindly reader, they pointed out my error and I changed the article.

The Difference between Revenue and Profits is this.

Revenue is the entire amount of income before expenses are paid.

Profit is what is left over after expenses are paid.

Thank You to that Kindly reader for pointing out my mistake.

I'm Glad that someone is fact checking me.



commoncents said...

THANK YOU for posting this! I love your blog!!

Common Cents

ps. Link Exchange??

Anonymous said...

Take a tiger paw and call me in the morning. http://www.stlbeacon.org/content/view/101873/107/

Anonymous said...

Let's make sure we use the right terms. If we do not, we look as ignorant as the members of Congress who did not read or understand the bill. Insurers are required to spend 80 to 85% of their revenue, not their profits, on insurance coverage. There is a big difference and the article makes that pretty clear.