Competition among health insurers is the key to lower premiums. WRONG‼️

When you hear the “experts” tell you that we need more insurance company competition to lower premiums, ask them how that works.

Following  is a breakdown of how health insurance premiums are spent. While this is based on one insurer, it nevertheless is representative of all health insurance. Most of the premium dollar is used to pay health care claims.

Less than 10% of a premium is subject to competitive forces let alone significant reduction.