US Center for Medicaid/ Medicaid Services Versus Private Insurers Pay-Outs to Insured

A picture or graph is worth a thousand words:

http://hcfan.3cdn.net/15b2e716998ad2bdd0_ktm6bz8u0.pdf

Medical benefit ratios

of private insurers, public

Medicare plan, 1993 to 2007

Percentage of federal Medicare benefit outlays spent on medical care

compared with percentage of premium revenue spent on medical care

by investor-owned private insurance companies