QW, None of that answered the questions I asked, or even addressed them. You're talking out of your ass, and you keep changing the subject. It just looks stupid.
Really? You provided a link talking the medical loss ration, did not once mention the profit margin, and assumed that they are the same thing, and I am the one talking out my ass? That is really funny.
If you actually read the article you posted you will see this paragraph.
Look at that, they MLR is the amount of money they get to spend out of the premiums they collect on non medical expenses and profit. Insurance companies are actually lobbying to count fraud detection as part of actual medical spending, not administrative costs. No one knows if they will get that or not, but at this point everything I said is true. It is not my fault you don't know enough about the ins and outs of Obamacare to actually follow a discussion about it, but that does not mean I am the one that is talking out of my ass.
on actual medical care rather than overhead, marketing expenses and profit.
That was what I was talking about, in re "only recently," as far as the 3% profit margin you claimed, and the idea that I'm saying its the same thing:
What you consider profit is what's left after advertising, lobbying, etc. That's a faulty method of accounting what is paid out directly in providing (paying out for) the coverage consumers pay for.
I don't give a rats ass if the bag men driving up the cost of health care in America (in tandem with the drug companies) make less money because of MLR, and the idea that the MLR has no dircect relation TO the profit margin is assinine.
Your ass, talking out of it.
Fraud detection is not providing a service to the consumer, but a way for providers to weasel out of coverage, and it belongs in administration.
If you got nothing, just admit it and move on.