OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Issue Position: Health Crisis

Issue Position

Date: Jan. 1, 2014
Issues: Health Insurance

The U.S. spends more on health care than any other industrialized nation and we get worse results. About 18% of GNP goes to health care. That is nearly $3 trillion or the equivalent of our whole federal budget. Insurance companies have a term called MLR for medical loss ratio. That is the amount of their collected premiums that they have to pay to doctors and hospitals. They used to operated with a 60-70% MLR until Obama Care made them spend 80% or their premiums on their customers. Medicare by comparison spends 95% of their collections on services to the elderly. If we had Medicare for All we would save 15% of about $3 trillion or $450 billion each year. This would be a good place to start, plus it would relieve our business community of having to provide health insurance which in turn would greatly improve the economy and the income and productivity of all Americans.


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