What's the bill call for concerning medical loss ratio? 80%. That leaves 20% for private companies. And even if you buy the bullshit that "Administrative costs are 17% on average" that the private insurers claim, that still leaves 3% *pure profit* for private insurers, somewhere in the vicinity of 75 Billion in profit per year. But that 17% is *fantasy* mixed with a hell of a lot of waste and/or incompetence and/or good old fashioned hiding the money. And if you *do* buy the 17% Admin cost nonsense, then you *must* admit the federal government is vastly more efficient at delivering healthcare services than is the private sector.

Medicare Has Lower Administrative Costs Than Private Plans.

According to the Kaiser Family Foundation, administrative costs in Medicare are only about 2 percent of operating expenditures. Defenders of the insurance industry estimate administrative costs as 17 percent of revenue.

Insurance industry-funded studies exclude private plans’ marketing costs and profits from their calculation of administrative costs. Even so, Medicare’s overhead is dramatically lower.

Medicare administrative cost figures include the collection of Medicare taxes, fraud and abuse controls, and building costs.

http://healthaffairs...rivate-insurance/

Oh, in case Scott or any other Obama apologist chimes in with "See, the AHCA is cost containing because - lookie, lookie, it mandates that 4 out of 5 dollars the Wall Street backed private insurers get goes to healthcare" let me point out that the bean counters working for *any* private health insurance firm can "prove" a med loss ratio of just about anything they want it to be.