Insurers Will Try To Dodge Spending Reforms: Report

Law360, New York (April 15, 2010, 5:48 PM EDT) -- Too high a percentage of the billions of dollars a year Americans pay for health care goes toward administrative expenses, though insurers are already taking steps to hide this, a U.S. Senate report has found.

Insurers in 2009 spent an average of 26 cents of every dollar in the individual market on administrative costs and profits, but evidence shows companies are beginning to reclassify certain expenses as medical costs, according to the report released Thursday by the Senate Committee on Commerce, Science and Transportation.

The report,...
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