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View Diary: Obama Should Agree to Modify Obamacare in Return for Ending the Bush Tax Cuts for Top 2% (76 comments)

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  •  No spending on... (2+ / 0-)
    Recommended by:
    corvo, qofdisks

    ...Advertising.
    Bloated CEO salaries.
    Dividends to shareholders.
    Interest payments.

    •  All minor contributors to the cost of health care (0+ / 0-)
      •  Hell, no! (1+ / 0-)
        Recommended by:
        qofdisks

        Take United Health Care (ticker: UNH) for example.

        They collected $101 billion in premiums last year and spent $19 billion on "administration". Their shareholders pocketed $5 billion (after taxes). Bondholders got $500 million.

        Financials are here.

        Only about $74 billion went to actual healthcare! And even that number is suspect because the company can embed internal costs (like the commissions for the salesmen who sell policies) in this number.

        For every $1.00 policyholders pay UNH, they get back less than 75 cents in medical care.

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